Subject: File No. S7-24-15
From: Shayne Momber

February 20, 2020

To Whom It May Concern:
Leveraged and inverse funds are the easiest way to express any trade that deviates outside of being long a trade or stock.
All investing contains risk, having the SEC regulate these funds out, does not change that fact. However, it does impose on my freedom of choice in how I express my investment strategy.
Additionally and more specifically, with bond funds approaching 0% yields, their hedging principles are becoming muted and potentially counterproductive to a diversified portfolio. An inverse equity fund may actually be a better alternative for managing risk than bond funds if real yields hover around 0%. Please do not take that away from investors.