Subject: File No. S7-24-15
From: Javier F Ordonez, Jr.
Affiliation: Indepedent Investor

February 8, 2020

As an independent investor S7-24-15 would impact me and many others in a negative way. Inverse investment vehicles are important to me as they allow me and many others to protect our portfolio from downturns in the market.
When the market went down in 2008 and 2009 I was able to protect my portfolio with inverse ETF's and even make a profit from them when all my other investments were not profitable.
I am capable of understanding inverse investment vehicles and do not want a third-party evaluating my ability to do so or prevent me of buying them in any way.
I would like the long-standing free public market to be preserved by allowing investors and their advisors to have the freedom to buy public securities without additional government imposed limitations on investor's choices.


Javier Ordonez