Subject: File No. S7-24-15
From: Herman Karhoff

March 25, 2020

I agree this is not a good policy for the following reasons:
1. I don't need the SEC to evaluating my capability of understanding leveraged and inverse funds performance. I can do that for myself.
2. We need to preserve the free public market system. I dislike the idea of a 3rd party making decisions for me. I want to be limited or hindered in my investment decision process.