Subject: File No. S7-24-15
From: Charles Hebert

February 27, 2020

I respectfully submit that the proposed SEC regulations on leveraged and inverse funds are bad for investors. I have used these funds to enhance my portfolio performance during downturns in the market and sell them as the market recovers paying Federal and State tax on these enhanced returns.

I believe these regulations are unnecessary. My group, Fidelity Investments, already requires additional consent to purchase these type funds making investors aware of the risk. I have been managing my own investments for over 25 years and have used these leveraged funds for the last 5 years. They are no more volatile than other individual mutual funds, stocks or bonds that I have owned.
I also would contend that the precedent is dangerous. Investors should have the right to risk their money for enhanced reward and accept the risk of enhanced loss if they believe it is to their advantage. The freedom of personal decisions should not be unduly limited in a free market.