Subject: N/A
From: Peter Patrou

Mar. 18, 2020

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

Leveraged funds provide me with a means of protecting my portfolio. I understand the asymmetrical risk:reward underpinnings of inverse leveraged funds. I believe in free markets and do not wish for the government to impose last-cycle interruptions to preserve the longest running boom in history. 

Peter Patrou