Subject: File No. S7-24-15
From: David Lee

February 19, 2020

I don't see the point in requiring extensive qualifications for buying inverse or leveraged funds.

The market cap of these funds are not a major portion of the market and will not be the cause of a market crash. The leverage amount is already restricted to 3x.

If you add restrictions to these funds, you will push people into options which have even greater leverage.