Subject: File No. S7-24-15
From: Mark Kubiliun

February 20, 2020

Leveraged and inverse funds are important to you, and they allow you to seek enhanced returns or help you protect your portfolio.
You are capable of understanding leveraged and inverse funds and their performance characteristics, and you dont want a third party evaluating your capability to do so and potentially preventing you from buying them.
You want to preserve the long-standing free public markets where investors and their advisors have the freedom to buy public securities without additional government-imposed limitations.