Subject: File No. S7-24-15
From: Riyaz Hudda

January 29, 2020

You need to trust that investors know what they are doing. Instead of requring extensive qualification process that requires somone to review paperwork, perhaps easy requirement such as self certification, or account balance over certain amount (100K) is better.

Best approach might be to limit the investor to invest no more than 25% of their account balance in a leveraged ETF.