Subject: File No. S7-24-15
From: Patrick Tracy

March 12, 2020

Re: The Securities and Exchange Commission has proposed new regulations that could impact investors in leveraged and inverse funds such as those offered by ProShares.

I disagree with the SEC proposal. Please withdraw it.

If the proposal is adopted, some investors who could benefit from the enhanced return and portfolio protection potential of leveraged and inverse funds could be prevented from buying them by an overly burdensome qualification process.