Subject: File No. S7-24-15
From: Keith Hogan

March 12, 2020

This SEC proposal is obvious set up that would only allow Wall Street to profit from market drops at the expense normal small individual investors.

If this proposal passes it would incentivize the few institutions which are allowed to sell short to crash markets. As their profits would be relatively higher as the only short sellers in a dropping market.

Small investors will not be allowed to hedge and protect themselves from the risks of market drops.