Mar. 17, 2020
Comment on SEC Proposed Rule #S7-24-15: While I appreciate the SEC's desire to protect investors from vehicles with a relatively higher level of risk, I categorically am opposed to restricting or limiting investor behavior, or any entity believing they know what's best for me and will unilaterally usurp my ability to choose. I am also categorically opposed to additional due diligence requirements on the part of the brokerages. Some brokerages might decide it's easier to disallow investment into leveraged vehicles vs. modifying their infrastructure to conform to the additional requirements. Thank you. Regards, Michael Tempesta