Subject: File No. S7-24-15
From: Ketan G

April 7, 2020

Hi,

I came to know about the new SEC regulations. I think this will affect the people who have already invested in the leveraged and inverse funds. In the current economic turmoil, there may be lot of people whose funds have been decreased. They will not able to buy and average out when the values are low. They will get affected by this regulation.

The motive of SEC is good, but it will affect existing investors. I think SEC can do is to make sure to get signed written understanding from new investors before investing about the risks and also maintain free public markets. It will also help existing investors to help them recover in this current market situation.