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Michael Wells Comment On Regulatory Notice 22-08

To Whom It May Concern:

I want to express my concern against for the proposed regulation that would limit or eliminate my ability in invest the leveraged and inverse ETFs which I currently have in my portfolio that I personally manage. I have used these effectively for years to grow my wealth and therefore:

> I, not regulators, should be able to choose the public investments that are right for me and my family. Public investments should be available to "all" of the public, not just the privileged.

Pete Jarvis Comment On Regulatory Notice 22-08

Dear FINRA, I am very concerned to learn about possible upcoming restrictions regarding my ability, as an independent small investor, to use complex investments such as leveraged and inverse ETFs. I am scared that these public investments will cease to be available to normal people like me and reserved only for a "privileged elite" of super-rich people and institutions to get richer. I am perfectly capable of reading prospectuses and understanding so-called complex investments such as leveraged and inverse funds, before I use them.