Subject: N/A
From: Monica Saldana

Mar. 18, 2020

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

This rule will cost me a significant amount of money. 

Please do not take away my ability to invest in 3x funds. They are a great tool for my portfolio. It's a way of adding risk, while maintaining diversity. I think it's a much better way to create leverage compared to options, especially in a low interest rate environment. 

If the SEC outlaws leveraged funds, I'm pretty sure some other country will allow them. I'd like to buy leveraged funds from a company in the USA compared to a company from China or a similar country with no oversight. 

Please do not regulate or outlaw 2x or 3x leveraged index funds. I'm ok with regulation of inverse leveraged funds. They don't track the underlying index well because of the way they create leverage. 

Monica Saldana