Subject: N/A
From: Stanley Vuong

Mar. 18, 2020

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

Leveraged funds allow for enhanced return for retail investors who feel that alternative strategies such as margin or in-the-money calls are not appropriate for fulfilling the investing niche that they are looking for in their portfolios. Leveraged ETFs allow retail investors more convenient access, control, and liquidity in this area than any existing alternative, and this proposal threatens to eliminate this option without good reason. There is insufficient evidence that leverage funds are a problem, and in fact this proposal sets a dangerous precedent. We ask that the SEC reconsider this proposal, as it would only limit the efficiency of the market by eliminating a reasonable alternative option for educated retail investors seeking higher return through leverage and daily rebalancing. 

Stanley Vuong