Subject: N/A
From: James Starcher

Mar. 17, 2020

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

I use leveraged funds daily to secure enhanced returns in accordance with my investment strategies, which include a self-imposed (the way it should be) cash balance far in excess of the value at risk of my investments. 

I am capable of understanding the risks and characteristics of the investment vehicles I choose, and I do not need or want anyone deciding for me what is too risky. 

Even in the most likely event that my broker-dealer approved me for trading leveraged ETFs, the elimination of many market participants would alter the performance of the ETFs and impact my profits. 

I fear that in your efforts to protect retail investors, you will harm those very same investors with this proposed rule. 

Please drop this rule. 

James Starcher