Subject: File No. S7-24-15
From: Basant Chawla

February 20, 2020

Dear SEC,

I would like to inform you that I am an individual investors. The leveraged and inverse funds are important to me as they offer me enhanced returns. I have been using these vehicles for over 5 years and have benefited from them.

I understand the characteristic of these funds and have done extensive back-testing. I do not want a third party to evaluate my capabilities and try to prevent me from using these vehicles.

I am a savvy investor and do not want a government body to restrict my use of these vehicles which have been part of long-standing free public markets. I fully understand the risk/reward offered by these instruments.

Thank you for your understanding.