Subject: File No. S7-24-15
From: Arthur Schultz

February 19, 2020

I think that your policy change is ill advised. A an investor for over 40 years, I sometimes use leveraged and inverse funds for growth and hedging. Currently, five percent of my investable assets are in these types of funds. i do not need your assistance to protect me. I value my freedom to make my own investment choices. The last thing that I need is more government intrusion.
Regards, Arthur V. Schultz Jr.