Subject: File No. S7-24-15
From: herbert horen

February 26, 2020

Individuals should be allowed to make their own financial decisions. Your proposed rule is not based on an existing problem. Why should these investments be treated different than other publicly traded securities?

I write to you as a person who for over 25 years was a member of the Series 7 content committee. First with the NYSE, then the NASD and FINRA.