Subject: File No. S7-24-15
From: Dr. Arcoragi

April 1, 2020

Leveraged and inverse funds are a central part of my financial strategy. I am more than able to understand the risk-reward ratio involved in using those financial instruments (I hold a Ph.D. in nuclear astrophysics and 3 other postgraduate degrees). In the future, I would like to have the freedom to buy those funds if I choose to do so.