Subject: File No. S7-24-15
From: Thomas Maher

February 21, 2020

This email is written to oppose any rule change limiting investment in marketable securities.

It is inappropriate for the government or a regulatory body to change the rules of the game when the game is in progress.

Changes at this stage not only limit an investors opportunities, they also place an investor in a damaged or precarious position either limiting gains or incurring losses due to the interference of government regulators.

Protection of the public from unscrupulous actors is warranted. When a firm is registered to offer products regulated by the SEC arbitrary and negative implementation of regulations after instruments have been made available to investors is wrong.

How will the SEC compensate investors for losses incurred due to a change in rules?

What recourse does an investor have with the SEC?

Thomas Maher