Subject: N/A
From: Warren Shepherd

Mar. 17, 2020

Comment on SEC Proposed Rule #S7-24-15: 

Such rule should not be adopted because: 
It prevents investors from access to an important investment vehicle that can be used for various purposes. 
It unnecessarily increases reporting requirements for brokerages. 
Brokerages already inform investors about these funds. 
Other investment vehicles may need restrictions even more than leverage funds. E.g., with interest rates where they are, it is foolhardy to invest in any bond fund, but I doubt restrictions on such funds are being considered. 
Once you start placing such restrictions, they never quit. 
It is quite contradictory isn't it? We want people to invest, we inform them that investments are risky and that they may lose money, and then we RESTRICT them (that is, prevent them) from investing! How backwards is that? 
Deep Six the proposed rule................... 

Warren Shepherd