Subject: File No. S7-24-15
From: Samuel Larson

February 21, 2020

I am very disappointed with the SEC's proposed new regulations on investors of leveraged/inverse funds. There are many legitimate reasons why I have exposure to these funds in my investment portfolio. The design and performance characteristics of these funds are fully and clearly disclosed. They do not necessarily carry any more risk than individual stocks. Singling them out for new government regulations is discriminatory and a stark contradiction of the free market principles that investors and efficient markets rely on.