Subject: File No. S7-24-15
From: Mark Thibodeau

January 30, 2020

Hi, As an individual investor, leveraged and inverse funds are an important tool for my personal portfolio. At present there is ample information available to evaluate both the performance characteristics and risk associated with these funds. Any rule changes that affect open availability of these products would be counter to my freedom to buy public securities. Please take this into consideration in your go forward rules considerations.