Subject: File No. S7-24-15
From: James Helfand

March 12, 2020

This is yet another bureaucratic solution desperately seeking to attach itself to a nonexistent problem. I have used leveraged and inverse funds for years and am perfectly capable of understanding their performance characteristics without some nanny-state burdensome regulations requiring third-party meddling that amounts to killing a fundamental freedom to buy public securities. This nonsense wreaks as coming from the same playbook as the one which would "protect" the public from buying a soft drink larger than 12 ounces. The publicized policy of the current Administration is to reduce burdensome regulations, not add to them. I suggest that be factored in before proceeding with yet another bureaucratic gauntlet.