Subject: File No. S7-24-15
From: John Plewa

March 10, 2020

Leveraged and inverse funds are an inexpensive and vital tool for the average investor to hedge their long stock positions, especially during times of market stress. Taking this away smacks of favoritism, giving the wealthy opportunities that the rest of us don't have. Wasn't it Joe Kennedy who chaired the SEC after shorting stocks into oblivion during the '29 crash, then prevented anyone else from doing it?