Subject: File No. S7-24-15
From: David Bricker

March 12, 2020

To Whom It May Concern:

I am writing to express my opposition to the SEC's proposed changes relating to investments in leveraged and inverse funds.

As an individual investor, I have invested in one leveraged ETF over the past several years, TQQQ, and it has provided me some unique opportunities in the market. I will acknowledge that leveraged investments pose unique risks that must be managed. However, as an individual investor, I believe that the opportunities are balanced with the risks and that the risks can be managed. I will also point out that significant risks related to investments in equity securities have and will always exists and do not relate exclusively to leveraged instruments. Note the recent volatility in Tesla.

If the SEC believes that some additional measures need to be taken I believe that there are less restrictive options that are available that should be pursued. As an example, the SEC could require that at the time of investment in a leveraged or inverse security that a "pop up" type of alert be made, reminding the investor of the additional risks inherent in these securities. Additionally, the SEC could require that brokerage firms call out the extent of trading and/or portfolio concentration in these securities within monthly brokerage statements.

Thank you for consideration of these comments.


Dave Bricker