Subject: File No. S7-24-15
From: Kai Bryand

March 11, 2020

Leveraged and inverse funds are important to me as a tool to hedge risk.
I am capable of understanding these funds and their performance characteristics. I do not believe it is in the best interest of investors or the stock market to put limiting restrictions on some while allowing others to use these securities in a manner they deem fit for their portfolios.

There is no greater myopic thinking than that of restricting investors to these funds due to concerns of financial means or understanding, to be evaluated by metrics unknown.

Any investor in the market should be well aware of anything they wish to purchase and if they are not, then it being a leveraged fund costing them returns or a poor stock investment ( ie penny stock gambling) makes no difference though the individual should have the freedom to make that choice: to make informed investments, or learn from uninformed mistakes.

You cannot regulate due diligence, and even if you could, it would matter not to the markets. To restrict the everyman from tools that where once only available to the wealthy few is injust at best, and corruption at worst.