Subject: File No. S7-24-15
From: Michael Carmody

April 7, 2020

I am strongly against this proposed rule.

Leverage and inverse funds are a must to hedge investment portfolios, especially in this Coronavirus volatile market environment. Without such funds I would have sold off instead of adding funds to a inverse hedge. Such a rule would make me move my investments overseas.

Don't do it...
1. Bad for Investors.
2. Unnecessary.
3. A Dangerous Precedent.