Subject: File No. S7-24-15
From: Scott Shea

March 6, 2020


I have been trading L I funds for the past 3 years. I understand the risks associated with these types of funds. These are short term funds for daily trades.

My broker Fidelity fully explained all the risks. They had literally 30 pages for me to read and waivers to sign before they allowed me to trade L I funds. Trading these funds are my responsibility. I trade them daily and monitor them closely.

Like any other type of trading. You have good days and not so good days. For me personally, I have done quiet well and use them to supplement my retirement. These are the only EFTs that I trade.

I read all the prospectuses on all the EFTs before I trade them along with all other relevant information.

Respectfully, I do not believe the SEC or my broker should tell me whether I can trade certain funds. That is un-American and against the spirit of capital markets. I am 58 years old, educated and fully capable of making my own trading decisions.

I do understand your concerns for the younger or new traders. I could agree with the younger or new traders having to complete a training course on L I funds that cover all the risks from A to Z. I am completely satisfied with Fidelity on how they handle their L I traders.

I believe all current L I experienced traders should be exempt from any such SEC actions. I have traded these for over 3 years. The bottom line is the stock market is always a risk and it is up to the person trading stocks to do their due diligence.

Thank you very much,

Scott Shea