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

February 21, 2020

I am against further regulations.
- They are important to me to add security to my portfolio.
- I am capable to understand leveraged and inverse funds. I do not want a 3rd party to assess my capability.
- I believe in free markets and free decisions. I it my decision to buy certain investments. I do not want the government to interfere and add limitations.
Best regards
Thomas Willburger