Subject: N/A
From: James Worrall

Mar. 17, 2020

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

I have used leveraged and inverse funds offered by Prohares and other sources for years, and they have provided precisely the results for which they were purchased. The SEC's recent interest in controlling the normal activities of people who have taken the time and made the effort to acquire a financial education and utilize it to better achieve their financial goals is unnecessary and invasive, if not insulting. The repercussions of this act will drive observant, thinking investors away from the markets, since they will no longer be considered free markets and will become unsuitable for investing. Perhaps this is the objective - I would hope not. If people want 'guarantees' they can buy, not invest, in insurance products. I, like many others, am getting weary of government overreach into private, personal areas of our lives, by people who pretend to be protecting us from all risk, but actually appear to be trying to control peoples' personal finances. Competent investors evaluate and quantify risk, then act accordingly. I believe this proposed legislation is a misguided and detrimental effort. If you want to do something helpful for our economy, markets and investors, reinstitute the Glass-Steagall Act - it should have never been repealed. 

James Worrall