Subject: Inverse and Leveraged ETF's
From: Richard Stouts

Feb. 06, 2020

Dear SEC, 
I am not in favor of any SEC effort to possibly disallow some investors to use Inverse and Leveraged ETF's. I am a senior citizen long-term investor. I sometimes use the Inverse ETF's because it is impossible to predict a market crash.  
And, disallowing some investors to use will reduce market liquidity and fair pricing for these securities. 

Thank you for your interest. 
Richard Stouts