Subject: File No. S7-24-15
From: David Deutsch

January 30, 2020

I am concerned about the SEC proposed rule #S7-24-15. This proposed rule is addressing a problem that does not exist. I'm an ordinary, conservative, thoughtful investor who has owned leveraged funds for years, and has never had an issue with them. I trade them as I would any other ETF. It seems an unfair possibility that average investors would be unable to take advantage of leverage while wealthy investors and hedge. This rule would favor the rich while treating average, educated investors unfairly, as if we are not capable of making our own investment decisions. It's a bit of unjust, unnecessary policy that serves no purpose. The SEC would be unwise to implement it.