Subject: File No. S7-24-15
From: Sherwood Herben

October 14, 2020

I STRONGLY DISAGREE with the proposal to restrict investor access to leveraged and inverse exchange traded fund and note products. These financial instruments are important to me and have become essential for me growing my retirement portfolio.

I fully understand the complexities and risks associated with these financial derivatives and that they are not designed as long term "buy and hold" investments. I personally use these products to increase leverage when specific economic events occur and have been quite satisfied with my results.

Furthermore, I believe that free and open stock markets should not be impinged by unnecessary government regulation that restricts my personal financial freedoms.