Subject: N/A
From: Elaine Shaw

Mar. 17, 2020

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

Dear SEC, 

Please do not stop small investors from being able to invest in inverse and leveraged funds. The playing field is already heavily tilted towards large investors without the SEC further clamping down on small investors and preventing them from being able to invest in all market conditions. 

Inverse and leveraged funds are less dangerous to small investors than short selling, as these funds can at most go to zero, unlike short selling in which investors can lose more than their initial capital. 

Inverse and leveraged funds also give small investors pretty much the only way they have to hedge their portfolios and lower their investment risk. 

Elaine Shaw