Subject: File No. S7-24-15
From: Leonard Davis

January 30, 2020

The flexibility afforded by leveraged and inverse funds is very important to the way I manage my portfolio of stocks and exchange traded funds.
The proposed move seems to be nothing more than bureaucratic expansionism that is designed to put a governmental agency in the middle of my decision making process.
If the offerings for such investment vehicles are misrepresented or fraudulent, then the SEC should be involved, but I don't need a government agency evaluating my capability to make my own investment decisions. It is NOT your money that "might" be at risk so you have no basis for interfering.