Subject: N/A
From: Donald Johle

Mar. 18, 2020

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

As a relatively small-scale investor, I have limited use for leveraged or inverse funds, but I have found them useful on occasion as a hedge against other investments. I believe that anyone who can read and understand common English and has any acquaintance with investment procedures should have no difficulty in understanding the use for and the application of these funds. The proposed regulations will only make it more onerous for small investors like myself and eliminate any benefit that we might otherwise derive from these investment processes. 

Donald Johle