Subject: File No. S7-24-15
From: Martin Linck

February 20, 2020

To Whom it May Concern

I want to express my alarm at the news that access to leveraged and inverse financial products may soon be restricted. These types of assets play an essential role in the portfolio I have assembled for my family, and help us to hedge against various risks that would otherwise be very problematic. We make good use of inverse fund products, for example, and I am not certain where else we could turn in order to guard against a market downturn. I worry that a move to restrict these products will simply cause certain investors to turn toward assets that are even riskier and which may have no intrinsic value at all...digital currencies leap to mind, for example.

Please leave things as they are...the financial wellbeing of a large number of investors depends to a significant extent on hedging strategies that rely on these products.