Subject: File No. S7-24-15
From: Paul Murphree

January 30, 2020

I strongly believe this proposal is bad for me as an investor, unnecessary and sets a dangerous precedent. This will effect many individual and institutional investors.
Leveraged and inverse funds are important to me, and they allow me to gain returns that help me protect my portfolios.
I am capable of understanding leveraged and inverse funds and their performance characteristics, and I dont need any third party evaluating my capacity to do so and potentially preventing me from buying them.
Please reevaluate your proposal and stop interfering with my relationship with any trade advisor, and stifle either of us with your government imposed limitation on my or any investor choices.