Subject: File No. S7-24-15
From: Saket Wakharkar

March 20, 2020

1. we have purchased units in bull market and lost money for inverse fund
2. We have bull funds and we want to protect our downside so stopping
us to participate is morally wrong.
3. In our opinion, bear funds dont cause the crash. It is the inflated earnings,
inflated valuations by wall street bankers, cooking of balance sheets by companies, etc
are the real reason for a crash. That is just not fair.
4. Bear funds are just a pool of money looking to short a stock. Shorting a stock is
a fair transaction. The fund that shorts takes the risk of losing money if they buy
at higher price. They are NOT necessarily the cause of a drop in a market. Also, this goes
against Free Enterprise concept on which our great country was founded on.

Please do correct me if I am wrong. I am the little guy investor trying to protect
my investment portfolio for my family.

Thank you.