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Timothy Speicher Comment On Regulatory Notice 22-08

Public investments should be available for all, not just the wealthy. This includes not including requirements for testing or risk assessment on the part of the government.

Since most of these funds follow (or inverse) the whole market, I have found that they are more stable than other funds. Removing the ability to invest in such things is truly hurting the lower, middle and upper middle class and leaving solid opportunities on the table ONLY for the elite and 1%.

Joseph Chou Comment On Regulatory Notice 22-08

To FINRA,

As a professional in the investment industry, I strongly feel the disclosures regarding investment performance and risk are well communicated and transparent regarding leveraged ETFs. It is very simple to understand those products that have 2x or 3x leveraged being specified as DAILY performance.

To limit the ability to invest in those products or to remove them completely would create great price distortion, as well as liquidity problems for existing investors such as myself.

Matthew Dolan Comment On Regulatory Notice 22-08

To whom it may concern,

I'm writing to express my dismay at the consideration of this proposal. Attempting to restrict the ability of the average American to access specific investment classes is overly-restrictive and represents a fundamental distrust of the intelligence of the people. Those that are willing to pursue an opportunity should only be limited by their own abilities, and not by overregulation. I strongly oppose this proposal as being directly against the interests of the American people.

Gregory Braden Comment On Regulatory Notice 22-08

Please do not place new restrictions on leveraged or inverse ETFs and traditional mutual funds.

As mutual funds, both ETFs and traditionals are well-regulated and their fee structures are transparent. They are also easy to use through many brokerages.

For an investor who at times wants to use leverage or an inverse position for a short period of time, inverse and leveraged mutual funds are the most convenient way to do so -- compared to, for example, shorting securities or purchasing derivatives (puts) or swaps, which are much more complicated to trade.