Subject: File No. S7-24-15
From: Miguel Burgess

March 12, 2020

To whom it may concern,

I am writing this letter to express my concern to the proposed regulations that will limit my ability to purchase and sell leveraged and inverse funds.

Leveraged and inverse funds are essential tools in my investment strategy. They have allowed me to seek enhanced returns and have helped me to protect my portfolio during market turbulence.

The leveraged and inverse funds are much easier for me to understand their performance characteristics and how to implement them in my trading strategies. I dont want a third party evaluating my capability to do so and potentially preventing me from buying them.

I want to preserve the long-standing free public markets where investors and their advisors have the freedom to buy public securities without additional government-imposed limitations on investor choice.