Subject: File No. S7-24-15
From: Stephen Hodges

March 9, 2020

I am well aware of the financial risks involved utilizing ETFs. However I have found the leveraged ETF funds to be of greater value to me than standard stock funds. I get to pick the sectors, that I think are ether going up or down. Brokers do not act as a fiduciary partner, they just care about making money for themselves. I have done far better on my own, judging the market trends, and profiting from my own research. These ETS give the little guy a much better opportunity to enter the market, than when they were not available to the common man who has some common sense.