Subject: File No. S7-24-15
From: Michael Busch

January 30, 2020

Leveraged and inverse funds are important to me and allow me to hedge my portfolio against market declines. I am fully capable of understanding how these funds work and don't need some third-party evaluating my capacity to do so and potentially preventing me from buying them. The proposed rulemaking would represent unnecessary government interference with free public markets and restrict my ability to invest in whatever publicly traded securities I choose. I strongly oppose the proposed rulemaking.