Subject: N/A
From: Alane Siem

Mar. 18, 2020

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

I strongly believe Proposal Rule #S7-24-15 is bad for investors and sets a dangerous and unnecessary precedent. This could prevent the potential to invest in inverse funds to hedge / reduce risk to a long portfolio. After a 10 up market, we need a vehicle to protect on the downside. 

Alane Siem