Subject: File No. S7-24-15
From: David Saleh, CPA

January 29, 2020

This proposed rule change is ridiculous overkill. There are already enough regulations in place. Most normal people I know don't even know what the SP 500 is, they certainly don't buy leveraged ETFs. Only traders buy leveraged ETFS. I am fine with more disclosures just to warn people of the risks of leveraged ETFs, but brokers do not need to screen people and decide whether they are qualified to trade leveraged ETFs, only people that know the risks trade them now. Furthermore, if you all regulate these leveraged ETFs more, then investors and traders will lose more money because with more regulations and increased scrutiny, funds costs will increase and these increased costs will be passed on to the investors and traders. Finally, some of these leveraged ETFs have been around 14 plus years already, they have worked out well so far and helped traders make additional returns, we do not need more roadblocks to invest or trade with them. Vote no on this rule change