Subject: File No. S7-24-15
From: John Forbes

January 6, 2016

To whom it may concern
I ask that you reconsider your decision about removing certain leveraged exchange traded funds. I believe that the people who invest in them have complete knowledge of what they are getting themselves into. I also believe that leveraged exchange traded funds are generally more safe of an investment than penny stocks yet they are still at risk of being ruled out by the SEC. Having the freedom to invest in leveraged vs un-leveraged exchange traded funds as an investor is essential. If leveraged ETF's are removed, then a part of the leveraged ETF population of investors will resort to penny stocks and buying un-leveraged ETFs on margin simply because of the amount of volatility involved. If you so choose to remove leveraged exchange traded funds, than the next logical step is to remove all small market cap. (volatile) public companies along with options, margin accounts, and the ability to short stocks. Removing leveraged ETF's will become an unproductive feat to produce the final result of a safer stock market without removing the majority of the stock market and trading abilities in itself.
Thanks for your time,