Subject: File No. S7-24-15
From: Su Yen-Jen

March 10, 2020

1. I am a foreign person(Taiwan), and I never see a country like US which provide so many ETF, so I like to trade here. In US I have so many choices to trade whether the market goes up or down.The leveraged and inverse funds ETF give me many chances and strategies to invest in, so they are very important to me.
2. I am capable of understanding leveraged and inverse funds, and their performance characteristic.I do not want a third-party evaluating my capability to do so and potentially preventing me from buying them.
3. I want to preserve the long-standing free public market where investors have the freedom to buy public securities without additional government-imposed limitations on investors choices.
4. Leveraged and inverse funds are very important
to me, and they allow me to seek enhanced returns and help protect my portfolio.
Thanks a lot
Su Yen-Jen