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Theodore Horner Comment On Regulatory Notice 22-08

Comments: I am a small, (60K portfolio) non-commercial investor, approaching retirement, and I believe FINRA's attempts to require enhancements to current rules on Leveraged and Inverse ETFs (L&I Funds) unnecessarily limits investor choice. Such ETFs are an essential part of my portfolio. FINRA adoption of a more restrictive stance on non-commercial investors ability to buy these ETFs would damage my ability to secure adequate funds for my retirement. I am well aware of the risks of such ETFs.

Paula Pazourek Comment On Regulatory Notice 22-08

you make sure BD are well regulated to provide adequate information to investors. Do you assume they are not doing their job? If it is a current public investment already okayed by you why shouldnt the regular public have the right to buy it? whether it is for leverage or protection. If we end up with only passive investments there will be no market in the true sense of the word and will just become a sandbox for elite and rich people to play. The market is one of the few places the playing field is relatively equal.