Subject: File No. S7-24-15
From: Richard Lung

January 30, 2020

As a small investor who has profitably and
safely used inverse funds for many years,
I am appalled at your proposed rules change.
It would have the affect removing one more
tool from the hands of responsible small investors like me, and letting it only be used by the rich and powerful. I might also point out that it is the inverse fund investors ( like myself ) who provide much needed liquidity to buy shares from panicky investors in a downturn. Removing inverse fund investors ( like limiting short selling ) will increase market volatility and magnify losses in corrections. The freedom of individual choice is at the heart of American capitalism. Please don't take that freedom from me in the name of "protecting me from myself". This is America, not the old Soviet Union, I don't need an American "Commissar" deciding if I should qualify to invest MY money the way that
I decide.