Subject: File No. S7-24-15
From: Gregory Novak

April 7, 2020

Please note that I have been using ProShares triple ETFs for many years. There is no reason for me to have to pass some "safety test" in order to own them. I fully understand the risks involved. In fact, my trading system is based on using these instruments. I earn a decent living from trading these instruments, but I am not "hugely rich" by any means. I make enough to get by. If I could not trade these instruments, I would be unable to implement my system, which would cause an undue financial hardship on me, and force me to give up trading. If you would like to discuss further, please contact me. Thank you.