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Chris Sturgis Comment On Regulatory Notice 22-08

Chris Sturgis
N/A

Memo to SEC/FINRA regarding the purchase of leveraged investments Proposed Rule #S7-24-15 I appreciate the opportunity to comment on this proposed new rule/regulation. I have held ProShares in one of my portfolios since early 2016. Symbol USD. This investment is up 742.06% and has split once 3:1 which tripled my shares. It has performed well in up and down markets. It has enhanced my returns in this portfolio. Here is its annualized returns 3yr 57.05%, 5yr 44.12%, 10yr 36.42%. I understand leveraging and inverse funds and their performance characteristics/risks. I hold 2 other leveraged funds. SPXL up 407.23% and TNA up 83.54%. These numbers for all 3 are as of todays close 4/28/22. I don't believe it is right for any third party or the FINRA to prevent me from making investment decisions. After all it is my money and I understand my tolerance for risk. I don't try and day or swing trade these I am long on all 3. On significant pull backs I may accumulate. Last thought I truly believe it is absolutely critical to preserve the idea of free public securities markets. Where I as the investor have complete freedom to purchase the securities and investments that I choose without the addition of government or regulatory agency-imposed limitations on my choices as an investor. The governments task is to make sure these fund companies are properly managed and audited as needed. If I make a poor investment choice that is my responsibility and mine alone. I educate myself before making an investment. It is my opinion that this proposed new rule/regulation is unnecessary and one that will not serve a free market well. We just addressed the concern with the SEC in late 2020.