October 14, 2020
I am against the SEC proposed rule #S7-24-15 as it would rob me of the ability to make informed decisions about the level of risk that I am willing to undertake in my own investments. Triple beta or inverse funds seem to me to not be substantially different to the futures market, where increased legislation does not yet seem to have been propped. It makes no sense to treat these differently.
The disaster in the fund XIV in 2018 was entirely manufactured by Credit Suisse, it's owners, and was not the fault of the retail investor. Once again, the large bank took advantage of the ordinary investor, to their detriment.
I would agree that these instruments are not for everyone, and should be regarded with caution, but investors and their advisors should be allowed to make their own decisions regarding these sophisticated funds, and to take on risk levels that suit them.