Subject: File No. S7-24-15
From: Terry Holley

January 29, 2020

It concerns me deeply that the SEC is considering taking away leveraged and inverse funds. I am an experienced individual investor who uses the leveraged products from time to time to amplify gains, or to even offset certain conditions or situations in my portfolio. Instead of taking these products out of the hands of investors, I truly believe the best approach is to increase visibility of the potential dangers of such investment vehicles. Another potential option that goes hand-in-hand with education and warnings is to require individuals to sign an electronic waiver and to indicate the purpose of buying a leveraged / inverse fund. There are options available but please do not take away our investing freedom.