Subject: File No. S7-24-15
From: Paul Gilchrist

May 4, 2020

I have been using leveraged and inverse (etf) funds for many years, and have found them to be a very helpful and important part of my investment tools.
I have frequently used them to offset risks from other forms of investment in my portfolio. Swift entry and exit (without having to go through brokers often entailing lengthy wait-times, slow responses etc.) is an essential aspect of such usefulness.