Subject: File No. S7-24-15
From: Joseph Burnett

January 30, 2020

This regulation in no way protects the small investor...in fact it will have the exact opposite effect

These tools were created in the marketplace and have become popular because they are useful for all investor large and small (I would argue more so for small investors). People don't need (mommy and daddy) to protect them from themselves.

I strongly appose any proposal to limit access to these leveraged tools, doing so will only widen the advantage that so called "accredited" and more so institutional investors have in the markets

Less regulation is always better for small investors the bar is already to high with the "Accredited"Investor rules