Subject: File No. S7-24-15
From: Phil Mueller

February 20, 2020

If an investor chooses to buy into a leveraged fund (up or down market conditions) whether 2x or 3x, it should be the choice of the investor. Understood that the investor can loose value. However, that should be the choice of said investor.
I am opposed to SEC proposed rule #S7-24-15.

Phil Mueller