Subject: N/A
From: Eric McClatchie

Mar. 17, 2020

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

I, an individual investor, use inverse funds to protect my portfolio from market down turns. Having some down side protection while limiting your upside is only prudent as risk adjustment. 

Not having inverse investment vehicles would would place the small investor at disadvantage from Wall St. If Wall st uses them, then they are needed for investors. 

As for leverage funds, either inverse or non-inverse, education should be provided from the SCC on the risk of accelerated price changes with their % changes could be unrecoverable. 

Eric McClatchie