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

February 19, 2020

On the advice of a financial professional who thoroughly explained the risks to me, several years ago I invested about half of my retirement savings in an inverse fund in order to protect my investment portfolio from a sudden decline in the market. I did not have to provide extensive personal financial and other information and be evaluated to determine if I would be allowed to buy leveraged and inverse funds.

Although my investment has continuously lost its face value since my original purchase, I believe my long-term strategy will be vindicated. I believe that investors are fully capable of making these decisions on their own, and that regulating their freedom to do so implies an overly-protective judgement of investor wisdom.

The proposed changes to SEC regulations would contradict our long-standing system that gives investors and their advisors the freedom to make their own investment decisions.