Subject: File No. S7-24-15
From: Robert Ferguson

January 30, 2020

I am opposed to the SEC adopting new regulations that could impact my ability to invest in leveraged and/or inverse funds. Leveraged and inverse funds are important portfolio options to me to enhance my returns or protect my portfolio.
I fully understand risks that I take when investing in these instruments.
While they represent a very small fraction of my portfolio, they are important to my overall investment strategy.