Subject: File No. S7-24-15
From: Armando Morales

February 19, 2020

I would be in disagreement with a SEC proposal to put restrictions on the buying and selling of 2x and 3x weighted securities (leveraged and inverse funds). Regulations of this type would probably only allow accredited investors to participate in these types of trades and would greatly impact non-accredited investors.

Financial/investment advisors should always determine suitability for their clients and the do it yourself investor knows the benefits and risks of these types of funds.