Subject: N/A
From: Andrew Lutts

Mar. 17, 2020

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

I oppose new regulation of leveraged and inverse funds. They are entirely appropriate for investors, and we do not need additional regulation or oversight of these investing instruments. 

Investors clearly understand the volatility of these investments, as there are already many cautions. 

I oppose additional regulations of leveraged and inverse funds. 

Andrew Lutts