Subject: File No. S7-24-15
From: Ray Tyson

March 18, 2020

I understand that the Securities and Exchange Commission is considering putting additional regulations on leveraged and inverse funds.

I have often used leveraged and inverse funds, and I do not believe that they should be treated any differently than any other public securities. They pose no greater risk than other securities. In fact they can be less risky that using margin or options.

Please do not change the regulations on leveraged and inverse funds.

Thank you.