Subject: File No. S7-24-15
From: CHEUNG KAY

March 22, 2020

Leveraged and inverse funds are important to me and allow me to get enhanced returns and protect my portfolio

I am fully capable of understanding leverage and inverse funds and how they perform. Please do not let a third party evaluation my capability and preventing me from purchasing them at all

These are free public markets and we have the freedom and right to purchase public securities without overarching and burdensome regulation imposed heavily on the investor's choice