Subject: File No. S7-24-15
From: Michael Peart

January 29, 2020

Regarding the proposed leveraged and inverse fund "protective"?? measure proposals... not a fan because as an investor... I own the "assumption of risk" dynamic - it's my responsibility to be a wise steward of my capital.

There is full disclosure on the leveraged funds, and barring any type of fraud or gross negligence... if a trade doesn't work out, oh well... this is the "game" that the investor is choosing to play. I/They can always park capital in a savings account with .05% ROI.

Again, full disclosure is available for anyone's due diligence. Not sure if this proposal is for investors protection, but it seems very unnecessary for the reasons stated above... and more so for the fact that when an investment goes south, many don't accept it (as if the contention is that a market/trade should only go up), and that's just wrong. Actually, it's child-like and lacking on many levels... a nice piece of humble pie might go a long way for many.

Either way, that's my two cents... sorry for the many words