Subject: File No. S7-24-15
From: Barry Brewer

February 29, 2020

There are many powerful benefits for retail investors having access to 3X funds that far outweigh the risks.

These funds have become very powerful tools in small investors toolbox.

To prevent retail investors access to 3x funds will force them into options and futures markets, where risk is much, much higher.

Investors in all asset classes have a personal responsibility to conduct due diligence and understand the financial instruments they use, 3x is no different, and very likely helps to diminish risk by diversification.