Subject: File No. S7-24-15
From: Balazs Gerloczy

March 22, 2020

Leveraged and inverse funds are important for me and they allow me to seek and enhance returns and help protect my portfolio just like they did in the past 2 weeks. I'm capable of understanding leveraged and inverse funds and the performance characteristics and I don't want a 3rd party evaluating my capability to do so and potentially preventing me from buying them. I want to preserve the longstanding free public markets where investors and their advisers have the freedom to buy public securities without additional government to buyd limitations on investor's choices.