Subject: File No. S7-24-15
From: Andrew Wernick

January 30, 2020

I value the use of leveraged funds as a way to increase my returns. In no way do I believe that these funds are bad for investors and everyone must invest at their own risk. They are a much better tool than someone who is trying to seek large returns choosing to gamble by other means. Public markets should be free and not impeded by unnecessary government regulations.