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

January 30, 2020

If the proposal is adopted, some investors who could benefit from the enhanced return and portfolio protection potential of leveraged and inverse funds could be prevented from buying them by an overly burdensome qualification process. Brokerage firms could even stop offering these funds altogether given the difficulty of implementing the regulations.

I strongly believe this proposal is bad for investors, unnecessary and sets a dangerous precedent and should not be adopted as a new regulation.