Subject: File No. S7-24-15
From: Wayne Chudleigh

January 30, 2020

I am opposed to a plan that would put roadblocks in the way of using inverse ETFs. They are a much safer way to hedge a portfolio instead of using stock short sales. If you want to warn investors of possible hazards from using inverse and leveraged funds, then that should be done by requiring warnings in the opening pages of the prospectus in large and bold print.