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

January 30, 2020

Leverage and inverse funds are an important way to keep my portfolio of investments balanced in different market conditions for the average investor, if the SEC is so concerned with investors risks and losses due to potential investment choices, then why does not the SEC make same restrictions on purchasing high pe stocks like TSLA, FB and AMZN where valuations are rocketing and many small time inexperienced investors are investing all their money into them?