Subject: File No. S7-24-15
From: Maciej Kupiszewski

January 31, 2020

Please find this communication as thoughts in opposition to the proposed rule of further limiting the use of leveraged ETFs as financial tools to retail investors. Before any such action was taken there should be first a thorough analysis of any negative outcomes supported with a basis proving that in fact these instruments are harmful. The currently existing notifications and disclosures on the matter of potential risk do a thorough enough job of warning the use of these financial tools to anyone looking to use them. Lastly, the current caps strike a fine balance between protecting individual investors and maintaining the spirit of free markets.