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Mike Geddes Comment On Regulatory Notice 22-08

Please note I've been investing with 3x leveraged ETFs (e.g. TQQQ) for over two years with no concern about the volatility of these instruments. The math should be simple for most people .... if 3x the underlying security, then invest only 1/3 of assets to obtain equivalent volatility of underlying security. This has proven to be beneficial since more funds are available to invest in more conservative funds to obtain less volatility of the total portfolio.

Francis Schwartz Comment On Regulatory Notice 22-08

I understand that you are considering legislation that will further restrict investors from investing in a broad range of public securities designated as complex products. We already receive prospectuses which spell out risks. What is your reasoning for adding more restrictions? As a small investor I want the right to invest in any publicly traded stock or ETF of my choosing. We do not need more government control. If you want to help investors take away paying taxes on investing. It is tough enough making a profit in the market without the government taking a share of any gains.