Subject: File No. S7-24-15
From: claudio bisio

February 19, 2020

I strongly believe the proposed regulations are:
1.Bad for Investors. If the proposal is adopted, some investors who could benefit from theenhanced return and portfolio protection potential of leveraged and inverse funds could beprevented from buying them by an overly burdensome qualification process. Brokeragefirms could even stop offering these funds altogether due to the difficulty of implementingthe regulations.
2.Unnecessary. The SEC has not shown there is a problem that needs to be solved withrespect to leveraged and inverse funds. They fail to show why these funds should betreated differently than tens of thousands of other public securities, each with their owncharacteristics and risks.
3. A Dangerous Precedent. Requiring you to qualify to purchase a security in the publicmarkets would be an unjustified break with how the SECs regulation of the sale ofsecurities in the public markets has worked for nearly 90 years. The proposal would be atodds with our long-standing system that gives investors and their advisors the freedom tomake their own investment decisions.
YES, this is cut and pasted from the ProShares e-news letter but I really shares this point of view and I hope to be able to continue to invest in leveraged funds to boost my portfolio.