Subject: File No. S7-24-15
From: Leonard Oremont

January 30, 2020

1. Leveraged and inverse funds are important to me, and they allow me to seek enhanced
returns or help me protect my portfolio.
2. I am capable of understanding leveraged and inverse funds and their performance
characteristics, and I do not want a third party evaluating my capability to do so and
potentially preventing me from buying them.
3. I want to preserve the long-standing free public markets where investors and their
advisors have the freedom to buy public securities without additional government-imposed limitations on investor choice.