Subject: File No. S7-24-15
From: Gordon Babcock

March 10, 2020

I actively trade leveraged and inverse funds. They are a key portion of protecting my assets, especially in markets that are going down.
I understand the risks of these types of funds and do not want to be scrutinized for using them. My only alternative would be use un-pooled inverse options which are far more risky than pooled funds.