Subject: N/A
From: Peter Hegel

Mar. 18, 2020

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

I am writing in regard to the proposals re: leveraged and inverse funds. As a small shareholder, I find these instruments extremely useful in that a) it enables me to more easily protect my portfolio (either long or short) by not deploying as much capital in some situations, b) providing more staying power by avoiding margin issues, especially when trading from the short side c) or be able to quickly get long again without necessarily selling my long-term holdings and incurring tax issues. These types of funds are important in managing my portfolio, and i don't believe a third party should be in a position to opine on my ability to utilize these instruments, or to even negate my ability to use these. 

We have great markets here in the U.S., with investors able to freely buy securities under relatively few limits. Let's keep it that way. 

Peter Hegel