Subject: File No. S7-24-15
From: Christopher Ferrara

February 20, 2020

I am aware of the risks associated with leveraged ETFS and manage that risk in accordance with how I see fit. If you take these funds away from the everyday person, then it should no longer be available to any entity included large firms that use it. Not should any leverage. When we fail, it affects only ourselves, when large companies with leverage fail it affects everybody. Case in point, Lehman Brothers. I'm sure they could have passed whatever rules you are proposing and look where that got us. The individual is actually smarter than the group in this case. Do NOT remove leveraged ETFs from the everyday trader.