Subject: File No. S7-24-15
From: James Smith

May 4, 2020

As a small investor, the flexibility of having the option to buy leveraged and/or inverse funds to develop a balanced portfolio is important to me. Having the burden of providing information so a bureaucracy can decide if I will be allowed to purchase various investment products to manage my portfolio is unacceptable and ultimately defeats the purpose of a "free" market system.
I am requesting that the SEC reconsider this proposal to place regulations on leveraged and inverse funds and allow the individual investor the freedom to make unrestricted purchases of the afore mentioned funds.