Subject: File No. S7-24-15
From: Carl Moore

February 19, 2020

I understand the function of both leveraged and inverse ETFs and have deployed them in the past. I use them in my deferred account and do not need anyone to tell me how to invest my own money. I've done alright in the past and intend to do so into the future. I find them valuable to my portfolio's performance and do not desire 3rd party restrictions on my freedom of choice.