Subject: N/A
From: Terry Burnett

Mar. 17, 2020

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

The SEC has no constitutional authority to restrict the sale of leveraged and inverse funds, or make it more difficult to make such trades. ALL market trades are inherently risky, and current requirements that a prospectus be provided and warnings given to investors of the risks of investing in leveraged funds are completely sufficient. The very idea of having to "qualify" to make such purchases is not only unnecessary, it is exceedingly outrageous. 

Terry Burnett