Subject: File No. S7-24-15
From: Ronald Kestler

January 29, 2020

Leveraged and inverse funds are important to me, and they allow me to seek enhanced returns or help me protect my portfolio.

I am capable of understanding leveraged and inverse funds and their performance characteristics, and I do not want a third-party evaluating my capability to do so and potentially preventing me from buying them.

I feel you need to preserve the long-standing free public markets where investors have the freedom to buy public securities without additional government-imposed limitations on investor choice.