Subject: File No. S7-24-15
From: Jeffrey Surniak

January 29, 2020

Leveraged and inverse funds provide individual investors with enhanced returns without taking excessive risks. These funds provide investors with the ability to offset some of the advantages that have been provided to High Frequency Traders.
Individuals will never be able to have a fair trading
plate form with High Frequency Traders and other large traders. However these leveraged investments do provide some offsets against the many disadvantages individuals face every trading day.