Subject: File No. S7-24-15
From: Hugh Hudson

March 20, 2020

The leveraged/inverse funds are an important part of my investment portfolio, albeit, a small part.The funds give me added protection in market down turns. Bear markets and volatility are part of investing.

I understand the basics of these funds. But I don't time to understand what these inverse fund managers do. That is why I invest in these funds. It is most economical for me.

One giant issue for me is how you would do what you plan. Let investors have financial freedom, and don't put your Boot on our necks. How dare you.