Subject: File No. S7-24-15
From: Michael Kelley

February 20, 2020

Regarding Release No 34-87607, the proposed changes to limit purchases of inverse funds is detrimental to diversified portfolios and basically un-American.

Though most investment advisors recommend a diversified portfolio of 60% stocks, 30% bonds and 10% cash, a better mix includes inverse funds especially at times like this where every stock appears to be over priced.

So please do not limit purchases of inverse funds.