Subject: File No. S7-24-15
From: Greg Dowell

February 21, 2020

I believe investors and their ad visors should be free to choose public securities without additional government-mandated regulations. I don't believe that there is a problem with respect to leveraged and inverse funds and these funds like other public securities have their own risk/return characteristics. I've used both leveraged and inverse securities and my portfolios have had success and failures using them, but each times these securities have acted as described in the prospectus. Again, they are a useful tool for investors and should not come under additional regulation, let the free market capitalist system work. Less not more government regulations has made this country the envy of the world.