Subject: File No. S7-24-15
From: Gregory Golino

March 12, 2020

I believe it is not within the scope of the SEC's mandate to require individual investors to prove their worthiness of investing in leveraged or inverse ETFs. There is no reasonable explanation for such a violation of an individual's privacy simply because these fund are more volatile than a standard index fund. Certainly investors can hold an individual stock with a beta of 2 without needing to prove their qualifications to the SEC so there is no reason to treat diversified but leveraged ETFs more harshly. Inverse ETFs provide portfolio insurance and there is no justification for the SEC to limit the risk management options of investors.