Subject: File No. S7-24-15
From: Luis Cribeiro

March 12, 2020

I am an individual retail investor. Inverse and leveraged funds allow me to diversify risk away from downside price movement and prevent significant losses from happening to a long stock only portfolio. This strategy helps me maintain a level of comfort knowing that during a major sell-off, I have some protection working for me. As a responsible investor, I dont feel there needs to be legislation to protect me from myself. I have enough education and experience to not have to justify my actions to anyone or prove I know what Im doing. In fact, the proposed legislation contradicts the very definition of free markets. This proposal is absolutely thoughtless and has major implications that the proposers completely disregard or dont see. Please do not pass this horrible legislation.