Subject: File No. S7-24-15
From: Luis Barreto

January 30, 2020

Leveraged and inverse funds are a key element of a balanced portfolio, as they provide enhanced return potential and are 100% liquid. While the risk profile is different than regular ETFs/stocks, it's no worse than investing in stock options (which, depending on the trade, can carry unlimited downside potential).
Restricting access to leveraged and inverse funds it's not only unnecessary but also sets a dangerous precedent of not allowing investors to make their own investment decisions.
I'm perfectly capable of understanding the risk/performance characteristics of leveraged/inverse funds and don't need a third-party evaluating my capability of doing so, or preventing me from buying such securities.