Subject: File No. S7-24-15
From: Donald Fuhrer

March 21, 2020

This is a bad idea. It is a day late and a dollar short. Dow Jones 27,000. Top 2-21-2020.
The proposed regulations are bad for investors, unnecessary, and a dangerous precedent. Leveraged and inverse funds are important for understanding leveraged and inverse funds and their performance characteristics. I want to preserve the long-standing fee public markets.