Subject: N/A
From: Nicholas Fischer

Mar. 17, 2020

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

The incremental regulation of leveraged ETFs is unnecessary and harmful to individual investors by removing inexpensive investment options into commodities, broad indexes and sector-specific concentrations. The leveraged ETFs can be used to effectively hedge portfolios against market volatility. The current regulations imposed by brokerage firms and the SEC to trade in options and/or futures make leveraged ETFs a straightforward, transparent and easy-to-monitor investment for individual investors. The SEC should monitor the capital structures of the asset managers and ETF distributors to ensure the funds are able to deliver the target allocations, not limit the choices of individual investors. 

Nicholas Fischer