Subject: File No. S7-24-15
From: Ron Scharfe

February 14, 2020

Item 1: General Identifying Information

a. Is the firm a Commission-registered investment adviser or a broker-dealer?: no, single individual

b. What is the size of the firm in terms of:
1.) The number of retail investors (as defined in the release)?
2.) For Investment Advisers, regulatory assets under management?
3.) For broker-dealers, regulatory net capital?
4.) Other (please specify)? one retired investor

c. Please include any additional general identifying information that you wish to provide, that could add context to your other feedback on the proposal.
small money client

d. Does the firm accept orders from or place orders for the accounts of retail investors to buy or sell shares of leveraged/inverse investment vehicles (as defined in the proposed sales practices rules)?

Item 2: Cost to Comply with the Proposed Due Diligence and Account Approval Requirements

a. What do you expect the cost to your firm would be in order to comply with these proposed requirements (in terms of combined internal and external costs)?
1.) For an investment adviser (check one box): $0 - $5,000

2.) For a broker-dealer (check one box): $0 - $25,000

b. Are there any less expensive alternatives to the proposed requirements you can suggest that would still preserve the proposed rules intended investor protection safeguards?
The system works fine now, Don't do anything

Item 3: Other Feedback on Proposed Sales Practices Rules

Instructions: Please include any other additional suggestions or comments about the proposed sales practices rules that you would like to provide.
I do not understand how the SEC demanding more of my work and information protects me This just makes it easier to discourage small investors from participating, to the benefit of large investors.