Subject: File No. S7-24-15
From: Phil Rodd

January 30, 2020

Leveraged and inverse funds are important to me and the allow me to seek enhanced returns.
I understand leveraged and inverse funds and their performance and risk characteristics and I don't want a third party evaluating my capability to do so, and perhaps prevent me from buying them.
Most importantly, I want to preserve the long standing free public markets where investors and their advisers have the freedom to buy public securities without additional government imposed limitations on investor choice.