Subject: File No. S7-24-15

February 19, 2020

1. Historically investment decisions are made by the investor and their advisor. Government (Big Brother) intervention into the decision making process is rarely if ever either welcome or beneficial. I am opposed to the proposed modifications to how this decision process operates.
2. I recognize that some citizens are unable to understand the risks associated with some investment vehicles. I would suggest that these people are unable to assess the risks associated with any investments and are very susceptible to bad advise by incompetent or dishonest personal advisors. That's true whether purchasing an investment or a new vacuum cleaner. Enforcement of existing laws against unscrupulous advisors and brokers is far preferable to additional regulation and burden imposed upon everyone. Such impositions simply make our society less efficient and history seems to show that the unscrupulous always find loopholes to avoid even terrible government ideas.