Subject: File No. S7-24-15
From: Kaustubh Kirpekar

March 16, 2020

My broker is Vanguard Brokerage Services. They informed me that they will not allow me to trade in leveraged securities and inverse funds which I have been using to enhance or protect my returns. Basically, Vanguard's reasoning is that a long term investor should not be investing in these securities. But, surely, that is my decision. I don't need a nanny telling me what's good for me.

Vanguard's stopping me from investing is such securities, which are widely available on the stock exchanges, is unfair. And I'm not sure it's even legal.

Appreciate if you can direct Vanguard to allow me to buy / sell such securities.