Subject: N/A
From: Peter Steidl

Mar. 17, 2020

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

Dear Sirs: 

I understand that there may be abuses (sometimes by hedge funds or individuals using margin) of market trends and moves by those buying and selling leveraged and inverse funds. Instead of regulations to restrict purchase of these funds could the size of purchases, percentage of an account, or use of margin be restricted? I use these funds to protect gains or prevent overall loss amounts in my portfolio. These funds also offer a way to participate in a volatile sector without being in specific stocks. 

Peter Steidl