Subject: N/A
From: Peter Madden

Mar. 17, 2020

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

I am writing to voice my opposition to restrictions of any kind on leveraged and inverse funds. These instruments are a very important part of leveling the playing field for individual investors providing a very affordable hedging function without the complexity of option trading. They also prove invaluable during periods of high volatility and during downtrends. 

Peter Madden