Subject: File No. S7-24-15
From: Jason Kelly

Mar. 24, 2020


Leveraged ETFs are central to my investing strategy.

Used responsibly, such securities enhance returns. They put much-needed performance amplification in the hands of non-institutional investors in a way that is safer than trading options or using margin.

Please do not make it more difficult to invest in such ETFs.

Thank you,

Jason Kelly