Subject: File No. S7-24-15
From: Paul Nolan

February 20, 2020

I believer the proposed rule is:
Bad for investors
Not required
Diminishes the status of the market.
I use leveraged and inverse funds to protect my portfolio I am quite capable of evaluating these securities and do not want a third party who will be charging me to make this decision for me: government interference always has unintended adverse impacts and destroy what is supposed to be a free market. Government bodies trying to impose effectively no risk conditions would eventually drive investors outside the US.