Subject: N/A
From: John Marinaro

Mar. 17, 2020

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

I am writing to express my view on SEC Proposed Rule #S7-24-15. 

I have been trading and managing leveraged and inverse funds for more than 8 years. I fully understand them and monitor and manage them the same as all of my investments. 

These investments are very important to my portfolio. I am capable of understanding each of the funds that I invest in and the associated risks and benefits as I do with every investment. I do not want a third-party deciding if I am capable of investing and potentially preventing me from doing so. Every investor has different strategies and objectives that could be unfairly impacted by a third party view. 

I believe that we should preserve the long-standing free public markets where investors and their advisors have the freedom to buy public securities without additional government imposed limitations or investor choices. 

John Marinaro