Subject: File No. S7-24-15
From: Stephen McGuire

January 30, 2020

Leveraged and Inverse funds are an important part of my portfolio and it's protection. I do not need a third party evaluating my capability to determine the investment of MY MONEY. Government intervention in public markets for individual investors is unwise. That said, if the SEC seeks to regulate the potential for abuse of these instruments by merchant banks and such I have no objections.