Subject: File No. S7-24-15
From: Pet Yap

January 30, 2020


I am am investor on TQQQ, QLD and other leverage ETNs products by UBS. I invest in these funds because I am looking for high return. I understand the risk these 2X 3X leverage funds can be. I think it should be up to the investors to make the decision on if they want to take the high risk associated with investing on those highly leverage products. I am strongly against having extra regulation on high leverage products. just because some people cant understand high risk associated with high return.