Subject: File No. S7-24-15
From: Kenneth Wink

March 12, 2020

As of today, the stock market is crashing. We used inverse funds and leveraged funds, and as a result, our clients are net positive for the month, quarter, and year to date.

Our clients trust us to use these important tools. Requiring us to contact each and every client to complete paperwork would be a huge waste of time for everyone involved. If the client doesn't like the way an advisor is managing their money, they can leave at any time. Free choice is much more efficient than additional regulations and time consuming paperwork.

Every single client is upset with how much paperwork they have to complete when signing up for a new account...please don't make it a more labor intensive process.

And please do not remove the ability to invest in Leveraged or Inverse funds. In times like these, they are PRICELESS tools to help avoid losses.

If an advisor or client is not prudently using these tools, the client can use their ability to fire the advisor as an acceptable method, or call and request that there are movements to be made.