Subject: File No. S7-24-15
From: John Philips

February 23, 2020

Leveraged etfs are a great tool for investors small and large, When I started using them. I carefully learned about them, everyone is aware of the plus and minus of using them,. You could help investors by making sure our Asian partners are truthfully reporting the numbers. That would be a very important service from you to all investors. Leave leveraged etfs alone. They are just right the way they are. Thank You.