Subject: File No. S7-24-15
From: Scott Leman

February 20, 2020

As a retiree who has time and enjoys to do his own investing, leveraged and inverse funds have become an important part of my balanced and overall conservative portfolio strategy. These funds allow me to successfully make short and near term trades with a targeted portion of my portfolio, that would NOT BE POSSIBLE for me if these funds were not available. Whatever the reasons the SEC may have for proposal S7-24-15, this beaurocratic red tape will definitely have negative and obviously unintended consequences that will only penalize individual investors like myself. The SEC should learn from president Trumps successful policies to avoid unnecessary rules like this