Subject: File No. S7-24-15

March 22, 2020

I have used leveraged and inverse funds for over 10 years. These funds are important to me as they allow me to protect my portfolio.

All stock and fund investing has risks. I am capable of understanding the risks of leveraged and inverse funds and can take appropriate action as I would if I had invested in a non-leveraged or inverse fund.

I want to preserve the choice to make these investments without government-imposed limitations which could impair my financial security.