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Robert Johnson Comment On Regulatory Notice 22-08

I am a Registered Investment Advisor representative and over the past 17 years have used leveraged ProFunds mutual funds (1.5x to 2x) for select clients. The clients are personally selected as to risk/reward factors in addition to their total investable assets available. These leveraged mutual funds make up no more than roughly 20% of total investable assets available to the individual client. THEY ARE AN IMPORTANT CHOICE OUR CLIENTS AND OUR FIRM WISH TO CONTINUE TO HAVE AVAILABLE.

Walter Slotarski Comment On Regulatory Notice 22-08

I should be able to choose the investments that are right for me. I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. Leveraged and inverse funds are important to my investment strategies and are a limited part of my portfolio. Therefore, I do not need these restrictions imposed on me directly or indirectly through my managed accounts.

Todd Miller Comment On Regulatory Notice 22-08

I ask that you leave it to the investors as to what is a questionable investment. This way the investors know what they are playing with and can make a choice based on their research. I can place a bet with all my money or spend it in the lottery but I cant figure out my own investment. Please give us some credit as to think for ourselves. Thank you for your attention on this matter. Todd Miller