Subject: File No. S7-24-15
From: Adam Dings

February 19, 2020


I wanted to submit feedback on the proposed rule, which could prevent me from investing my portfolio as I see fit. I firmly believe leveraged and inverse funds are important components required to hedge, or more aggressively invest my capital, acknowledging that the increased volatility creates risk (and opportunity).

I, as a CFA charterholder, and experienced investor, am capable of comprehending the investment risks associated with leveraged / inverse funds and do not want an outside party preventing me from buying them.

I believe the markets in their current state operate with a reasonable level of efficiency and handicapping the free movement of capital will diminish market ability to effective recognize fair market value.