Subject: File No. S7-24-15
From: Steve Nichols

May 11, 2020

This proposed rule looks like a solution looking for a problem. Investors like myself find leveraged and inverse funds important for seeking enhanced returns and protecting my portfolio. I don't need a third-party (especially a government agency) evaluating my ability and capability to understand the purpose for these funds and their performance characteristics. Lastly I am strongly against the government eliminating long-standing free public markets where investors and their advisors have the freedom to buy public securities without additional government imposed limitations on my choices as an investor. In other words, stay out of my business as an investor