Subject: File No. S7-24-15
From: Jarrod Biebel

March 10, 2020

I believe leveraged ETFs are an important component of any investment portfolio if used correctly. From a diversification and risk perspective, leveraged ETFs are simplified way to participate in potential directional moves in the market. Hedging a traditional portfolio with a leveraged ETF less burdensome than opening an option account and less expensive.I wish my current broker dealer offered more access than today.