Subject: File No. S7-24-15
From: Glenn Hofmann

January 30, 2020

I disagree with this proposal. It would make it more difficult for small investors like myself to reach our financial goals.
Leveraged and inverse funds are important as they allow me to seek enhanced returns in both up and down markets and help protect my portfolio.
I am capable of understanding leveraged and inverse funds and their performance characteristics, and I dont need a third party evaluating my ability to do so.
We should preserve the long-standing free public markets where investors and their advisors have the freedom to buy public securities without additional government-imposed limitations on investor choice.

Thank you