Subject: File No. S7-24-15
From: David Andersen

March 12, 2020

I firmly oppose any restrictions on using leveraged ETFs for personal brokerage accounts. Leverage funds provide a means to enhance returns while carrying less risk than individual stocks because many ETFs will track entire indexes. I monitor all of my positions daily including leveraged ETFs. If brokerage firms have the final approval they would easily induce bias because their products and fees could be at odds with ETFs. Currently brokerage accounts require a signed disclosure to participate in leveraged ETFs. I have successfully used these types of investments for over ten years now and do not see the need for further unprecedented regulation.