Subject: File No. S7-24-15
From: Michael Perez

February 21, 2020

To whom it may concern,
Leveraged and Inverse funds are an important part of my trading as they allow me to seek enhanced returns and also offer portfolio protection.
I am capable of understanding these funds and their performance characteristics. I would not want a third-party intruding in nor preventing me from exercising my right to trade an available and helpful trading instrument.
These types of funds are only dangerous to lazy traders who are not committed to the craft. If any warnings are to be issued, it should be one that states the very nature of trading - "this is not a game for the mentally lazy...".
Please help to encourage and preserve the free public markets, not add additional government-imposed limitations on investor choice.