Subject: File No. S7-24-15
From: Carlos A Alvarez

March 10, 2020


i am NOT in favor of this regulation.

I am an investor that understands leverage index funds. I monitor my investments daily., including my leveraged ETFs.

These ETFs are important since I dont trade futures, I use these ETFs for future exposures in my retirement accounts.

Please DO NOT PASS this regulation. It will affect me personally on my investment strategies.