Subject: N/A
From: Steve Orlowski

Mar. 17, 2020

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

Leveraged and inverse funds are important to me, and they allow me to seek enhanced returns and help me protect my portfolio. I am quite capable of understanding leveraged and inverse funds and their performance characteristics, and you don’t want a third party evaluating my capability to do so and potentially prevent me from buying them. I want to preserve the long-standing free public markets where investors and their advisors have the freedom to buy public securities without additional government-imposed limitations on investor choice. 

Steve Orlowski