Subject: File No. S7-24-15
From: James Quillian

January 29, 2020

For years the SEC has been fine with the market being manipulated higher. Retail brokers are happy to offer the ALGOs their customers necks to the because it generates commissions. In a free market setting short selling, at worst is profitable at least 30% of the time even in a roaring bull market. In this rigged market, short selling is a guaranteed loss close to 100% of the time.

Bear ETFs are now the only reasonable way an individual can hedge against a complete collapse of the entire economy and the stock market.

The SEC is a bigger risk to the public than are bear ETFs. The SEC doesn't mind that the public is continually being fleece one a daily basis in countless other ways. Now that the market is at a point where efforts to move it higher are failing, it is deemed prudent to do away the only real protection the average parson has. The risk has been present for years. Why now? This is clearly part of a political agenda.

One of the mainstays of modern market manipulation is to keep volume down and not allow those with bearish positions to gain equity. Their equity gains mean more volume on the sell side. So, it makes sense that the SEC is under pressure to Ban ETFs.

Don't think the public trusts you because they don't. In doing this you may do more actual damage to yourselves than you do to the public.

James Quillian
Fantasy Free Economics