Subject: File No. S7-24-15
From: Thomas Brix

March 15, 2020

I'm very much against this initiative. I use these vehicles when I think the market gets to over bought or oversold. I'm not allowed to short stocks in my retirement accounts, so the negative inverse funds are the only way I can participate on the down side. Without these funds I probably wouldn't participate in the market at all. Why? Because I inherently don't trust the stock market. I can't fathom the SEC allows firms to have high speed access into the order process for the specific purpose of front running other peoples orders and that's OK with the SEC. So if you want to do something constructive, stop this nonsense and focus on catching the Bernie Madoff's of the world.