Subject: File No. S7-24-15
From: Steve Carlson

January 29, 2020

I disagree that 3X leveraged ETFs, especially those that track an index, should be harder for retail investors to purchase. While the price movements are more accelerated that the underlying index, the risk is not any greater than purchasing any equity that tracks an index. I hope that you do not permit me from using these ETFs as I have them to be great investing tools. With that said, I concede that 3X ETFs that track the VIX are potentially problematic.