Subject: Comment on File No. S7-24-15
From: Edmund Knee

Feb. 09, 2020


I am a small investor (ie not accredited) using leveraged ETFs responsibly in my self-directed investment plan. I subscribe to The Kelly Letter and sometimes use leveraged ETFs in a systematic, quarterly-rebalancing investment plan. 

These funds are important to me. I'm not engaged in reckless trading, understand the effect of daily magnification of an index’s price movement and  use this magnification to my advantage. 

Please keep leveraged funds available to responsible, albeit smaller, investors like myself. 


Edmund Knee