Subject: File No. S7-24-15
From: Paul Leiter

February 19, 2020

The ability to purchase leveraged and inverse funds is important due to the fact that it gives us the ability to protect our investments when we determine that it is time for the market to act in a certain way.

Yes, there are risks involved in purchasing this type of product, but there is with purchasing any type of stock. We are never guaranteed that we will receive all of our money back. I understand what to expect out of these types of funds - the risks and rewards associated with them.

I find it disturbing that this option of protecting my assets as well as the ability to grow additional assets may be taken away.