Subject: File No. S7-24-15
From: Chris Livingston

February 24, 2020

Dear SEC,

I believe that every investor should have the right to buy sell leveraged and inverse ETFs. It is perhaps the only tool for a typical investor to hedge, protect, and capitalize on falling bear markets. 98% of investors do not have the wherewithal to short securities or effectively use derivatives.

Leveraged and inverse ETF are the only sensible option.