Subject: File No. S7-24-15
From: Steven Sears

February 19, 2020

Enter your comments here.
I am submitting my concerns about potentially losing part of my investment options...leveraged ets.
I fully understand these products their benefits risks.
Here is why they are important to my portfolio.
1. Reduction in size of capital allocation
Less capital is needed to establish a position enhances returns.
2. Hedge
Inverse Etfs help protect my portfolio in market downturns.
Placing burdensome restrictions or eliminating my ability to obtain these etfs would greatly negatively affect my portfolio.
Please, consider leaving investors to make their own informed decisions on the investments they wish to make.
I fully understand that these are derivative products based on futures contracts as such carry a larger risk than non leveraged etfs.