Subject: File No. S7-24-15
From: John Kukowski
Affiliation:

Mar. 19, 2020

CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. 




Dear Honorable Sir/Mdm, 

The inverse investment instruments allow me to hedge against a Black Swan event. 
These instruments help balance to my portfolio against market crashes. 
For example practically every investment including gold and silver are significantly down on 18 March 2020. 
There are few investment instruments that can protect you against a Black Swan event. 
Inverse investment instruments are the vehicle that can help protect my investments. 
I did this in 2016 Presidential election and now during one of the greatest market crashes in history. 
Please allow the little guy to have access to the same investment instruments as the big guys. 



John T. Kukowski 


Phoenix, AZ