Subject: File No. S7-24-15
From: Andy McDill

February 20, 2020

I would like to express my dissatisfaction with the proposed new regulations regarding leveraged and inverse funds. I find these funds useful to express views on the markets while committing smaller dollar amounts than I might otherwise need to.

I look at these funds as alternatives to using options and feel that if the SEC is going to allow individual investors to use options then these funds are appropriate for individual investors as well.

While these funds may require better monitoring and education by individual investors, they should not be disallowed as investment options.

Thank you for your time and consideration of my points of view.