Subject: File No. S7-24-15
From: Jon Dearborn

March 19, 2020

I currently use leveraged funds in a systematic quarterly rebalancing strategy that is powered by these funds. The proper use of these leveraged products is a key piece of my financial plan.

These funds are critical to the success of the strategy. They improve my performance over the long term. I am certainly not engaged in imprudent trading and I understand the effect of daily magnification of an index's price movement, and I use this magnification to my advantage.

I certainly do not want a third party evaluating my capability of managing these funds, and do not want one preventing me from buying them.

If leveraged funds are restricted to accredited or wealthy investors only, the wealth gap in our country will increase as the rich get richer in sophisticated products while everybody else languishes in plain old index funds.

PLEASE keep leveraged funds available to all investors.