Subject: File No. S7-24-15
From: David Ford

February 24, 2020

February 24, 2020

Re: Proposed SEC Regulations Concerning the Purchase of Leveraged and Inverse Funds


I am an individual self-directed and self-informed investor who has been investing for over 50 years. I currently have multiple accounts at two large brokerage houses. For a number of years I have purchased leveraged and inverse funds from time to time to enhance my returns and also provide downside protection.

I am fully capable of understanding how leveraged and inverse funds work, and their performance characteristics. I can decide for myself whether I should purchase them at any given time without a third party evaluating my capability to do so. I feel that my knowledge of the markets is equal to or better than anyone who might be appointed to make those decisions for me. Even in my younger years when I had less experience, I still would have wanted to make those decisions myself. The stock market has risks, which I am fully aware of, and am fully responsible for the results of my investment decisions.

I want to preserve the long-standing free public markets where investors have the freedom to buy public securities without additional government-imposed limitations on investor choice. I dont want my brokerage houses to be burdened by a qualification process which may cause them to stop offering these funds altogether.

Please pay attention to us individual investors who want to be able to purchase leveraged and inverse funds at our discretion to enhance returns and limit downside risk.


David M. Ford
2945 17th Street
Boulder, CO 80304