Subject: File No. S7-24-15
From: Jeff Chen

March 24, 2020

Sharing my comments on the SEC's new proposed regulations on leveraged and inverse funds:
1. Leveraged and inverse funds are an important part of my portfolio to help protect my equity holdings in market downturns.
2. I understand the risks of leveraged and inverse funds and prefer not to have a 3rd party evaluate my ability to do so.
3. I value the free market basis for our financial markets that allow investors to buy public securities without government limitations on investor choice.