April 17, 2020
In regards to the proposed rule #S7-24-15, I urge the SEC to seek different alternatives than qualifying investors for investing in leveraged and inverse ETFs. One ETF having a surprising return (the inverse volatility fund) does not constitute a crisis necessitating the removal of this option from investors.
I have a Masters in Business and Finance, and have walked the path from layperson to informed. I still remember being mystified by the markets and trying to learn more about them without the help of a formal education. Leveraged and inverse ETFs are no more complicated and sophisticated than any equity.
Please reconsider this proposal.