Subject: File No. S7-24-15
From: Ralph CGMA

March 28, 2020

Hi: I have been a big buyer and proponent on inverse funds over the years. The enhanced return and protection they provide is superior to other choices.
I feel the SEC's new rules are overly burdensome regarding the qualification processes. In addition, I feel that they are unnecessary and set a dangerous precedent. By this I mean the proposal is at odds with our long-standing system which provides investors and advisors the freedom to make their own investment decisions. Please do not pass this proposed legislation. Thanks, Ralph Anderson