Subject: File No. S7-24-15
From: yifeng zhou

February 19, 2020

I object your recent proposal for limiting the trading of leveraged and inverse funds.
I have been trading leveraged and inverse funds for almost 20 years. They have been an essential part of my investment since these funds help me adjust market exposure and protect my portfolio. While I appreciate your objective of protecting investors, I am capable of understanding the risk/reward of these instruments and do not need someone else to evaluate my capability to do so.
This proposal will also harm our free public markets where investors have the freedom to buy public securities without government interference.