Subject: File No. S7-24-15
From: George Davison

February 20, 2020

I believe the SEC proposed Rule #S7-24-15 is a burdensome regulation that is not needed and is not in the best interest of investors. Leveraged and inverse funds are short-term investments and those managing these funds already make this clear in their literature. Therefore, what is being done to inform the public regarding the purpose of these funds is sufficient.