Subject: File No. S7-24-15
From: Robert Burchfield

March 3, 2020

I currently trade the leveraged ETFs as a short term trading vehicle and removing access to these products would adversely impact managing my individual investments. In particular, I find the ability to trade the inverse ETFs provides protection for my portfolio without having to enter into a short trade.

Please do not take away the ability of individual investors to trade the instruments.


Robert Burchfield