Subject: N/A
From: Thomas Fee

Mar. 18, 2020

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

I object most strongly to being required to prove my qualifications to trade in leveraged and inverse ETFs. The proposal is unnecessary, bad for investors, and sets a dangerous precedent. 

Investors who choose leveraged and inverse funds are, simply by choosing them, fairly sophisticated traders. They don't need to be further qualified and certainly should not be further hampered. There are enough qualification rules already. 

Thomas Fee