Subject: File No. S7-24-15
From: Don Endicott

March 16, 2020

As an individual investor I am fully aware of how inverse and leveraged ETFs work. I closely monitor my positions with trailing stop loss orders. They help to protect my investments. Similar to options, but less volatile and without time decay. I see absolutely no reason that these instruments shouldnt be available to individual investors. In fact I believe they help to curtail the selling that would otherwise occur without them. Causing more volatility in the markets.