Subject: File No. S7-24-15
From: David Bierdeman

October 14, 2020

This potential rule is absolutely unnecessary. The free public should be allowed to purchase these leveraged funds. I have been using them to hedge my portfolio through the recent market downturn due to Corona and have been pleased with the results. The risks for leveraged funds are clear and investors should be able to make their own decision without a 3rd party regulator intervention whether the use of these funds are appropriate for their own portfolio.