Subject: N/A
From: Phil Lee

Mar. 17, 2020

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

This leveraged inverse fund is only that I can protect my investments from the sudden collapse of the stock market that can happen anytime since stock market is in a critical bubble territory. Without this, I have to withdraw all my investments to protect from the sudden market collapse. The Put option is only other way to protect but they are very expensive and has time value that I cannot afford to buy for all my investments. Therefore, I demand that we should have these investment to available for us. So that we can still make money on the down market. Without this, we have not many options to protect and make money on the down market which will be coming soon since it has been long bull market. We will soon have down market and We need a way protect our investment for long term. 

Phil Lee