Subject: File No. S7-24-15
From: Stewart Colten

March 11, 2020

To SEC re proposal to limit leveraged funds and their derivatives to accredited investors:
No new rules are needed. Extensive warnings are issued by brokers before allowing clients to trade in leveraged funds and their derivatives. The SEC should have many other priorities. THE FIRST OF THESE SHOULD BE OUTLAWING SHORT SALES OF EQUITIES, ETFs, AND BONDS THE SECOND SHOULD BE ESTABLISHING AN AUTOMATED GUIDE PRICE AND REINSTATING THE UPTICK RULE (assuming that organized crime prevents the first from being implemented). THE THIRD SHOULD BE OUTLAWING HIGH SPEED TRADING. (For the last 70 years or more, something has been wrong at SEC, in my opinion as an attorney.)