Subject: File No. S7-24-15
From: Cyndy Schoenemann

February 19, 2020

Please do not make it more difficult or impossible to me to invest in inverse and/or levered ETFs.

I need these inverse and/or levered ETFs in order to protect and grow my wealth in the face of major bear markets, reduce my risks and diversify my investments.

Inverse and levered ETFs are much easier, more intuitive and less risky for me to invest in than futures, options, swaps, margin loans, borrowing and selling short, etc.

Without inverse and levered ETFs, it will be much more difficult or impossible for me to protect and grow my wealth in the future, given the numerous risks facing investors, particularly the risk of deep and long bear markets.