Subject: File No. S7-24-15
From: Douglas Hopper

March 12, 2020

Investor comment on SEC proposed rule #S7-24-15:
March 04, 2020, Wednesday
Dear SEC: I believe that Release No. 34-87607, dated November 25, 2019, regarding leveraged funds is not in the interest of an open and free market. It is unnecessary, and sets a poor precedent, for the following reasons:
Leveraged and inverse funds are important to my investment strategy to incur enhanced returns and protect my portfolio in declining markets. It allows me to create my own investing and hedging strategy.
As an intelligent individual, I am capable of understanding leveraged and inverse funds and can determine both performance and risks from the prospectus and historical graphs. As a free individual operating in free markets, it is not reasonable to have another person or group determine my capability for investing in these items, with a potential end result of prohibiting or restricting me from purchasing such funds.

In the tradition of historically free markets and trading by the public at large, it is imperative to allow each investor the freedom to purchase all public securities without unnecessary, unwanted, and unwarranted limitations to investor choices by government or overseeing agencies.

It raises concerns about fairness and openness in free market transactions by the brokerage industry. It is not necessary to have additional due diligence by a broker beyond procedures already in place.

Thank you for your time and consideration.

Douglas A. Hopper, Masters and PhD in Mechanical Engineering, 2008 2016, Colorado State University.