Subject: File No. S7-24-15
From: Glenn Johnsen

February 20, 2020

Leveraged and inverse funds are important to me. Not because I feel they enhance my returns. But rather because with money I earned, I believe there are times I want to limit potential loss of the overall portfolio.

I understand these funds completely, and have worked hard to earn and save my money. I do not want suddenly for limitation I am confident would be harmful for ability to protect this money in an overall sense where I am holding long and short positions on the market. A Hedge fund can do it, why can't I do it with my own account ?

If you want to block inverse and leverage funds of pink-sheet stocks or something like that, great. But not when we are talking simply inverse of leveraged funds of indexes which have large cap blue chip stocks underlying. Honor free markets and do not pass this restrictive harmful idea.