Subject: File No. S7-24-15
From: Barry Hall, P.E. .

March 10, 2020

As an individual investor used to making my own decisions:

I want to go on record as an individual investor that strongly opposes the above proposal.

To make onerous requirements for small investors to invest in leveraged and inverse funds is:

Simply not fair Treats the individual investor as naïve – which they are not – they know the risks – that these funds can fail to make benchmarks or even “blow-up” during fast market conditions as currently exist – we DO NOT NEED TO BE PROTECTED in this way Creating a system of haves and have nots when it comes to investing – not everyone wants to invest in futures or options, but small investors are greatly benefitted versus the big houses by being able to buy shares in funds that do utilize options and futures. Ultimately will make markets LESS efficient, not MORE Please kill this proposal. If you sample individual investors that use these products – I am sure you will find unanimity on this point.

This is not fair and not needed.

Barry F. Hall, PE
Cross Discipline Engineering, LLC