Subject: N/A
From: Lawrence Lepard

Mar. 18, 2020

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

Dear SEC: 
I am a Fund manager. I use the ProShares products to responsibly hedge my positions both long and short. I like the fact that I am able to do this without additional paperwork, proof of suitability or other bureaucratic red tape. I believe ProShares adequately discloses the risks and issues and that it is not the government's business to tell me what I can and cannot invest in. I think the rule that is being proposed is stupid, unnecessary and prejudicial against people like me. The rule change should be rejected. 

Lawrence Lepard 
Managing Partner 
Equity Management Associates, LLC 
Wellesley, Massachusetts 

Lawrence Lepard