Subject: N/A
From: Clark Lagow

Mar. 17, 2020

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

I have been investing for over 30 years. I direct my own investments. I sometimes use leveraged, inverse, and even inverse leveraged funds to protect my investments against unwanted moves in the stock or bond markets. I also use leveraged funds to invest in specific segments of the securities markets. I do not need the SEC telling me that I need to submit extensive data justifying my decision to invest in these funds. 

Clark Lagow