Subject: File No. S7-24-15
From: Richard Long

October 14, 2020

It's disappointing to hear the SEC may change rules to make it much more difficult to trade leveraged funds. I use these a lot because it's much simpler than trading options, and the risks of trading leveraged funds are much lower than options trading.

I'm not aware of any issues that would require actions by the SEC to make trading leveraged instruments more cumbersome or difficult. This seems to be an overreach of authority with little or no benefits to be achieved.