Subject: File No. S7-24-15
From: Stan Cheung

May 4, 2020

Dear SEC,

I am against the proposed regulations for the following reasons:

1) I use and lean on leveraged and inverse funds in my portfolio. It helps me to hedge and enhance my investments.

2) I, as a lay investor, understand leveraged and inverse funds and their performance characteristics, and DO NOT want a third party evaluating my capability to do so and preventing me from buying them.

3) I want to preserve the long-standing free public markets where investors and their advisors have the freedom to buy public securities without additional government-imposed limitations on investor choice.

Thank you for carefully considering this and many other investors opinions on this matter.