Subject: N/A
From: Kurt Conrad

Mar. 17, 2020

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

I use inverse funds on a regular basis, especially the inverse of the S&P 500 (SH) to protect a large portion of my portfolio from a downturn in the equity markets. I have been using inverse funds for 10-years or more. Inverse funds are very easy to understand and use. I do not want to be burdened by regulations of the SEC that intrudes upon the freedom everyone should have to make the investments in the public market to protect themselves from market volitility. 

Kurt Conrad