Subject: File No. S7-24-15
From: David Wallace

January 30, 2020

leveraged and inverse leveraged funds provide investors adequate to mitigate risks during volatile periods. This is a small investors key mechanism to protect your portfolio. They can also provide enhanced returns during bull and bear markets, which provide more taxable win for the investor and the government.
To my knowledge there has never been any study undertaken and made public that these funds and ETFs have a negative effect on investors, the public, or the government, so why does there need to be unsubstantiated regulations prohibiting their use?

Regards, Concerned Investor.