Subject: File No. S7-24-15
From: Roger Schult

March 22, 2020

your proposal to regulate leveraged and inverse funds pro shares would be costly and create a negative situation for us and our clients pertaining to smoothing out volatility and leverage concerns
for risk management.we ask that u do not pursue
this avenue of regulation and do not act with these proposals. it would be bad for investors and the markets during these chaotic times...thx