Subject: File No. S7-24-15
From: John Lipscomb

April 8, 2020

Ref:SEC proposed rule changes on leveraged and inverse funds.
I am in complete disagreement with the proposed rule changes for several reasons.
1) Leveraged and inverse funds serve a good purpose in a free and open public securities market. Investors need the ability to pursue investments that meet their investment strategies, to seek greater returns or to protect their portfolios.
2) The proposed rule changes are Unnecessary. There have been no problems documented that can prove that these changes are necessary in a free public market. There has been no evidence shown why these securities should be treated differently than any other of the thousands of securities available for purchase or sale.
3) This would set a dangerous precedent. Allowing the government to decide which investors can invest in certain products while others cannot destroys the very concept of free markets. When one rule is allowed to be instituted, others soon follow, always, and destroy free markets.