Subject: File No. S7-24-15
From: Steven Eggers

March 7, 2020

I have been investing for 40 years and use Leveraged Inverse funds extensively to gain superior returns in both up and down markets. I have invested in all types of instruments, including futures, and I appreciate the tradeoffs between them, but greatly prefer the risk profile of the leveraged funds. The huge growth and popularity of these ETFs proves that a goodly number of savvy investors have come to the same conclusion, and in doing so have given these instruments their liquidity and usefulness. Your proposed regulation would damage both the liquidity and usefulness of these instruments. As it stands now, neophyte investors can easily and quickly exit ETF investments if they don't meet their investing criteria. We don't need government oversight attacking a thriving, open marketplace. The SEC should design it's regulations to enhance the vitality of the stock markets, not choke them off.