Subject: N/A
From: Robert Featherby

Mar. 17, 2020

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

I use levered funds but I could survive without them. 

The biggest loss in my personal investments was an Inverse Levered Fund. 

So I would be fine if they were eliminated. 

Also, for Inverse Funds, some of the Prospectus state that the Daily Inverse Swap providers (Banks) have the option to stop services if Volatility becomes large (WITH NO VALUE INDICATED SO WIDE OPEN TERMS), which could result in a scenario where the investor gets the call RIGHT but gets stopped out with a loss because the banks stopped playing and took their ball home. 

Robert Featherby