Subject: File No. S7-24-15
From: Nicholas Smaby

March 12, 2020

Just what we need--more nanny-state government interference in what and how I invest in. Sorry SEC. I have a firm understanding of inverse funds and don't need more government hoops to jump through just to make an investment decision. This is a chilling development that limits options for individual investors, it is completely unnecessary and sets a dangerous "government knows best" precedent. The last thing in the world the individual investor needs is more regulation.