Subject: File No. S7-24-15
From: Carter Mast

March 12, 2020

Any investment comes with inherent risk. This is not a new concept or idea. It is solely the investor's responsibility to understand this risk and act accordingly. It is not the the SEC's responsibility to assume this risk.

If this goes through, where does the SEC draw the line on non-leveraged investments if their stated goal is to protect investors? Are there not still risky, non-leveraged ETFs that investors can buy?

If adopted, the SEC might as well ban investors from purchasing any instrument that could lead to losses...wouldn't that be great? Oh wait...that is not realistic.

Let investors make their own choices and deal with the outcomes if they are poor choices.