Subject: N/A
From: Chaoran Hou

Mar. 17, 2020

Comment on SEC Proposed Rule #S7-24-15: 

I need leveraged and inverse funds to protect my portfolio. Seeing my portfolio lose over 70% of its value during the 2007 financial crisis makes me realize how important it is to protect it with inverse funds. I have the ability to do my own research and take full responsibilities for my investment decisions. Please do not take this method of protection away and do not make trading leveraged or inverse funds difficult, as swift trading is crucial at time of crisis. If your aim is to protect people from leveraged trades as the loss can be magnified, shouldn't you also need to restrict people from trading options and futures? Thanks. 

Chaoran Hou