Subject: File No. S7-24-15
From: Guy Morello, Morello
Affiliation: Individual Investor AKA

February 27, 2020

This regulation will restrict these financial instruments to Investment Professionals. Individual investors will not have the option to utilize leveraged or inverse products. This is a disadvantage for the small investor. Without leveraged and inverse ETF's I cannot short stock or buy options inside a retirement account like the big institutions. In my opinion, disclosing the dangers of these products to the individual investor should be adequate.