Subject: N/A
From: Joseph Frasko

Mar. 17, 2020

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

This rule makes no sense and I vehemently oppose it. 1) The choice to invest in any security should ultimately lie with the investor. As long as the appropriate representations are made by the security issuers and brokers to investors indicating the potential risk, and the investor is willingness to assume that risk, no Agency's should have the right to interfere in what is essentially a private contract, nor dictate what is considered "too risky". 2) I have my CFP, CIMA, and have previously held securities registration in the US and abroad, including options and futures trading licenses under the SEC with over 25+ years experience in investing. I do not need a third party evaluating my capability to assume risk. 3) I use leveraged and inverse funds as a risk management tool, and in fact, the removal of access would increase the risk profile of my portfolio. It provides the ability to hedge without the need to be exposed to the lack of liquidity in many option/future chains. 

Joseph Frasko