Subject: File No. S7-24-15
From: Steven Axen, Axen

January 29, 2020

I oppose the proposed regulation based on the following:
1. Investing involves many products which can be used as tools to enhance returns and/or limit market risk. Leveraged funds are among these tools. It is my opinion that an individual investor can make decisions about use of these products and tools without permission from the government.
2. Investing inherently involves risk. It is not clear to me how SEC employees are qualified to evaluate any individual investor's competence regarding risk-taking.
3. The government should not be involved in an individuals market decisions, and certainly not under the guise of the all-knowing bureaucrat protecting an investor from himself.