Subject: File No. S7-24-15

January 30, 2020

Dear Sirs,

I see no need for the proposed rule. The existing rule, as enforced by my brokerage firm, already requires one to be a "qualified investor" in order to purchase leveraged/inverse ETFs. (Qualified Investor is defined as at least $1,000,000 in invested assets.) Hence those of us who buy these funds are presumed to be capable of understanding them and making our own decisions.