Subject: File No. S7-24-15
From: Kevin Loken

February 20, 2020

Inverse etf's are a very useful hedging tool for investors. Why does the SEC think it has a right to determine how I invest my money? This proposed rule looks like an outright decision to prevent investors from not only hedging their portfolios but sway them into a long only mentality. Stop trying to take one of the best hedging tools an investor can utilize to protect their portfolios during bear market periods.