Subject: File No. S7-24-15
From: Jeff Devine

January 30, 2020

I have bought and held leveraged etfs since 2006. Having held them through the Great Recession, I did not think they were more risky. I have listened to the discussions about them over the years and I do not understand why people bad mouth them so. A limit of 3X has been put on leverage products, that should be enough regulation. I personally would like to see 4X or 5X be the limit. It is still much safer than a margin account.