Subject: File No. S7-24-15
From: George Buce

January 30, 2020

I'm shocked that you'd consider limiting access to leveraged or inverse ETFs - any educated investor understands how they work and what the risks are. I do all of my IRA investing in ETFs and switch from leveraged up to leveraged down to track the general market trend. This has been very effective for me, an individual investor who pays attention to the markets and follows the trends.