Subject: File No. S7-24-15

February 19, 2020

To whom it may concern,

I rely on investing for living. Leveraged and inverse funds are vital parts of my investment strategy. I am capable of understanding how they work, what kind of risk they pose. Just like any other investment tools available to the general public, leveraged and inverse funds present both benefits and risks, and it is up to the individual investors to study and evaluate them. All brokerage companies explain beforehand what risks are involved, and what not to do. Thank you.