Subject: File No. S7-24-15
From: Daniel Kessler

February 19, 2020

I am an individual trader with speculative positions in leveraged, reverse, index ETF's, which were established and are maintained through my retail brokerage account.

I am extremely concerned about your proposed new regulations that would require brokers to qualify investors before allowing them to trade these instruments.

I was well aware of the risks associated with trades of this type before I entered them, but if I am now to be denied the freedom to make my own strategic decisions, then my risk of loss rises substantially.

I urge you not to impose restrictions that would have this kind of effect.