Subject: File No. S7-24-15
From: Timothy Smith

March 23, 2020

I have been trading myself for 25 years, and have had the right to trade using Inverse funds and bull or bear leveraged funds to both inhance my opportunity to increase my performance of my portfolio, but also to hedge my bull investments by using inverse bear funds in uncertain times. I have always seen and gotten the warnings quite visable of the dangers of how these funds operate, and have early on asked questions about these dangers. Any individual investor needs to do their homework and research on any trade they make, or should let someone better trained do it for them. We dont need, however, the interferance of more government control to bogg down our trading or do away with some trading at all.

I have used such funds offered by ProShares and others such as Direxion Shares since I was an early trader.

I feel that this right should be protected and that we should continue to preserve our free public market for investors to operate without increased government impossed limitations on our choices we want to make with our personal funds.