Subject: File No. S7-24-15
From: Robert Buhr

February 21, 2020

January 30, 2020
Re: SEC Proposed Rule per Release No. 34-87607 dated November 25, 2019, File No: S7-24-15

As an investor for 20 plus years I am very aware of investment risk and am personally responsible for limiting exposure to that risk. I use inverse funds frequently and on rare occasions have considered leveraged funds to protect my investment portfolio. I do not agree that the additional regulations per Release No. 34-87607 dated November 25, 2019 will in any way provide investment protection for me and will increase requirements for reporting and proving that I am capable of using the aforementioned investment vehicles. It will be an onerous burden to comply and may, depending on the extent of the regulations, prevent me from protecting my investments, thereby limiting my ability to manage my own risk. Therefore, I recommend that Release No. 34-87607 not be implemented.