Subject: File No. S7-24-15
From: John Han

February 19, 2020

I am surprised that the SEC doesn't realize what a great tool leveraged ETFs are for retail investors. In today's volatile markets every investor should be thinking about what is a bear strategy for every bull investment they own. Why invest in AAPL when SOXL will grow faster likely pay a better dividend? What's a good bear vs SOXL? TZA. SOXL's best growth is going to come from that manager picking the best small caps in that sector. When SOXL declines TZA should rise faster.

Does a retail investor really have the time to do with greater paperwork or more pre-conditions to make such investments? I don't think so. If the SEC is really concerned about such investors why not simply provide them a more extensive warning document require them to signify they have read it for the first leveraged trade they make each month?