I am opposed to new regulations that would prevent regular American people like me from owning leveraged securities. I am an adult, I can make my own investing decisions. I dare say I make better financial decisions for myself than the Government does. I do not believe that the SEC has my best interests in mind with proposed rule #S7-24-15. I want less government in my life. Not more.
Why does this need regulating no one should be in. Control of how to spend your money . If you want to throw your hat in the ring unschooled you should be allowed . This is un-American ! Spend time regulating the Gun control or drug control where people are dying !
These inverse etfs help me hedge my portfolio in periods of downturn. I don't beleive you have the right to tell me whatvto invest in. These are available for bigbinsitutions in some form or another and are easer for me to use instead of shorting individual stocks myself.
I am asking that you do not take away the right to invest in leveraged and inverse funds. I am 80 yrs old, understand very well how the funds work as I have used them for many years, both losing and gaining just like any other stocks and funds. They have always been explained very well without needing further involvement with restrictions and education.
These are legal investments and no one has the right to restrict these lawful trade vehicles.
I had to sign an agreement that stated I understood the risks and fees associated with leveraged ETFs. This should be the only requirement. Limiting investment opportunities is a government over reach.
Stop adding restrictions on these instruments. It sort of levels the playing field by allowing access to tools that large institutions and hedge funds have.
I support no rule changes regarding so-called "complex" investments by regulators.
Leveraged and inverse funds are a critical component of my investment strategy. I shouldn't have to go through any special testing or process before I can make such investments.
