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Eileen Rosko Comment On Regulatory Notice 22-08

I am a long term investor. Leveraged and inverse funds are important to my investment strategy. They are a small, but important vehicle for hedging against dramatic swings in the market and are crucial to balancing my portfolio. I understand and accept the risks inherent to the use of inverse funds and do not need special tests in order to invest in them. I believe the proposed restrictions infringe on my rights as an individual investor and give a dramatic advantage to institutional and extreme wealth investors.

Guilherme Gobbo Comment On Regulatory Notice 22-08

Dear Regulator,

I first learned about leveraged ETFs in 2007, just before the great financial crisis and I have used them as part of my portfolio to achieve my investment goals ever since.

I had a position in them just before the great financial crisis, and remember well how quickly they lost value, but having grown up in a hyper-inflationary environment, I also had clear understanding of the impact of compound interest rates on the way up, which benefited me significantly as we exited the great financial crisis.