Subject: File No. S7-24-15
From: Francisco J Arreaga
Affiliation: Former Dean of Business Management School

December 21, 2015

Good morning,

Please reconsider your proposal on restraining and further regulating leveraged and inverse ETFs. I am a retail investor. I am aware of the risks involved. Removing the leveraged and inverse ETFs will not add to my safety, it will only take away from my ability to turn a profit. Please reconsider your plan on further regulating these instruments. http://www.bloomberg.com/news/articles/2015-12-11/leveraged-etfs-face-sec-squeeze-in-plan-to-rein-in-derivatives

Regards,

Francisco Arreaga