Subject: File No. S7-24-15
From: Boris Schindler

March 11, 2020

Leveraged ETNs and ETFs are opaque and misleading. I am have been working in the finance and accounting industry for over a decade and it took me some time and lost money to realize the danger of these instruments. The fact that these securities can lose up to 99% of value in a year just due to time decay is equivalent to robbery.

Boris Schindler