May 11, 2020
I am writing concerning proposed regulation on public trading of leveraged and inverse ETFs.
I am a small investor who benefits greatly from trading in leveraged ETFs. It has enabled me to greatly increase my income and retirement financial security in the 4 years I have been actively trading them. While I have never been a professional in the securities markets, I have invested and educated myself in this area since my late teens.
Freedom in any area of life requires acceptance of personal responsibility. The duty of government is to protect its citizens from harm by others not to surround them with unwanted unneeded burdensome "nanny" regulations that attempt to protect them from themselves.
Any government agency that establishes itself "in loco parentis", is usurping the rights freedoms of the citizen. This is an unnecessary and dangerous precedent for any government entity. It also is contrary to the current administration's policy of reducing government regulation.
I am therefore requesting that any regulations that interfere with the citizens right to trade leveraged or inverse ETFs by any qualification processes or worse yet, by causing such funds to be discontinued, should not be imposed.