Subject: N/A
From: Calvin Thomas

Mar. 18, 2020

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

I strongly oppose any action by the SEC to limit or impinge on my ability to purchase shares in inverse funds. I manage my own portfolio and fully understand the protection provided by these funds against significant losses in the event of a major market downturn. 

Given the current investment environment where the big players and quants can manipulation and take advantage of fractional moves in the market, it is outrageous for a government agency to consider making it harder for me to hedge my bets. This would make me less, not more, inclined to invest in the growth of the U.S. economy. I would be much more fearful of being caught with my pants down, or left standing in a game of musical chairs. 

Calvin Thomas