Subject: File No. S7-24-15
From: Bradford N Montierth

January 29, 2020

I have been using both Leveraged and inverse funds for many years. These fund options are important to me. They allow me to seek enhanced returns and help me to protect my portfolio.

I understand leveraged and inverse funds and their performance characteristics, and I dont want a third party evaluating my capability to do so and potentially preventing me from buying them.

I want to preserve the long-standing free public markets where investors and their
advisors have the freedom to buy public securities without additional government-imposed limitations on investor choice.

There have been no demonstrated problems with these funds and further regulation is unnecessary.