Subject: File No. S7-24-15
From: Bryan Bogard
Affiliation: DoD Retiree, CISA CICA CGFM

February 14, 2020

Dear SEC,

I received a letter from ProShares regarding my investment in SQQQ. A market hedge investment fund.

I am writing to let you know that I oppose the SEC's proposal to make it more burdensome to buy leveraged and inverse funds.

Regardless of whether this tool is used by active or passive investors in common stocks or sector etfs, eliminating or changing the ability to invest and trade inverse funds is bad for investors, unnecessary, and sets a dangerous precedent.

Inverse leveraged hedge funds provide a critical ability to insure investors against reduced market risks to direct investments in corporate stocks. It's no different than purchasing insurance on one's home or auto. Just because a person doesn't have a claim during the year, doesn't ensure they will get a return on their investment.

I'm not familiar with all the other proposals on the SEC's website but it would confort me more if there was one for TORT Reform to limit frivilous lawsuits against hedge funds when investors lose money through the natural decay in fund price.

I hope you consider my comments and do not limit investor access to these funds.