February 20, 2020
Leveraged funds are important to me, and they allow me to seek enhanced returns and help protect my portfolio. I am capable of understanding leveraged funds and their performance characteristics. I do NOT want or need a third-party evaluating my capability to do so and potentially preventing me from buying them. I want to preserve the long-standing free public markets where investors and their advisors have the freedom to buy public securities without additional government-imposed limitations on investor choice. Please do not move forward with the proposal under Release No. 34-87607. Thank you. Micah H. McDonald