Subject: N/A
From: Gregory Dai

Mar. 17, 2020


Comment on SEC Proposed Rule #S7-24-15: 

Leveraged & inverse funds help me to gain an edge in outperforming their respective indices. 

By reading the prospectuses and trading the leveraged and inverse funds over a period of time, I'm able to understand their performance characteristics. 

Trading the leveraged and inverse funds properly and nimbly, it gives individual investors a great tool and advantage over certain institutions such as the high-frequency traders. They are faster, but they may not be as nimble as individual investors in leveraged trading of much smaller amount of shares. 

Gregory Dai