Subject: File No. S7-24-15
From: Wilfred Evan

February 20, 2020

Leveraged funds have clearly advised details about the risk and higher margin requirements needed to invest in these funds. Burdensome requirements and qualifications only serve to limit the access to ordinary investors while protecting big investors who have the luxury of delegating this type of additional compliance work to their lawyers. In short this is discriminatory to ordinary retail investors.