Subject: File No. S7-24-15
From: Serge Loussarian

Jan. 30, 2020

I am 80 years old and have been using both leveraged and inverse funds as part of my portfolio for the past 35 years.  I consider them an essential part of my investment strategy and they have served me well.  I am adamantly opposed to any arbitrary restriction put upon me to use them in the future.  I see no difference in risk between someone buying 100 shares of a fund, or 50 shares of the 2x leveraged equivalent fund.   

There are already enough restrictions imposed by my broker when I buy these funds, like cautionary statements before I buy, limiting my ability to buy large numbers of shares, limiting my ability to buy at market, etc., and I do not think we need another layer of well intended but unnecessary restrictions.   

The United States is envied by the rest of the world for its vast degrees of freedom. This includes the freedom to fail.  Let us alone to do so.