Subject: File No. S7-24-15
From: James Pearson

February 23, 2020

I'm not sure these regulations are needed - I question who is buying leveraged instruments without any understanding of what they are. Any kind of regulations to ensure an investor is qualified to invest in these products goes against the idea of a free market. These funds are an important component of balancing risk and achieving a diversified portfolio to achieve enhanced returns. We should be trying to encourage investment and attract new investors, not erect arbitrary burdensome restrictions on potential new investors.