Subject: N/A
From: Kishore Mahade

Mar. 17, 2020

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

I, as an individual investor, feel it is wrong for the SEC to prohibit leveraged and inverse ETFs. 

Inverse ETFs allow savvy investors to take advantage of market downturns. Leveraged ETFs allow those same investors to attain large gains from small market moves, without the need for risky options or futures. 

If an investor knows what an "ETF" is, and he/she can place a limit order, then they are certainly aware of the risks of leveraged and inverse ETFs. The SEC has done enough to "handcuff" the average individual investor since the 2008 financial crisis. We don't need further regulation, and we don't need to be told what to do with our money! 

It would be immoral for the SEC to disallow these types of ETFs. 

Kishore Mahade