Subject: File No. S7-24-15
From: ROBERT PAVLICA

March 24, 2020

This is a burden on small investors like me who often need the short term leverage. You will simply be pushing me into using put call options. They are even more volatile and risky, and have large spreads and low liquidity. You will be making my investing MORE risky, not less.
Robert Pavlica, PH.D