Subject: N/A
From: Steven Bell

Mar. 18, 2020

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

I think that most investors are unaware of of how leveraged funds works. Even if you look at the internet there is a lot of misinformation on how they work. Sophisticated investors can understand this but regular people can't. I am in agreement with the SEC proposed rule change. 

Steven Bell