Subject: N/A
From: Roy Malone

Mar. 18, 2020

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

I am opposed to additional requirements when buying inverse or leveraged funds. For many investors this is our only way to hedge our current portfolio and would limit our ability to have protection from market downturns. Without the inverse funds many of use would need to liquidate or investments when the risk of a downturn rises only to return when the risk has abated. 

Roy Malone