Subject: File No. S7-24-15

March 13, 2020

Not good for investors. Dangerous Precedent. Requiring you to qualify to purchase a security in the public markets would be an unjustified break with how the SECs regulation of the sale of securities in the public markets has worked for nearly 90 years. The proposal would be at odds with our long-standing system that gives investors and their advisors the freedom to make their own investment decisions.