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Raymond Heiss Comment On Regulatory Notice 22-08

I am absolutely oppose limitations on my ability to invest in ANY equities whether they be leverage/inverse, crypto, volatility-linked funds or any other instrument that I am able to freely invest in today.

If you want investors to limit their risks in any investment, ensure that brokers have educational materials on their websites when someone attempts to buy into what might be considered higher-risk investments. Require investors to pass a test if need be in order to proceed with their purchase.

Michael Shirk Comment On Regulatory Notice 22-08

I oppose the regulatory requirement proposed by FINRA, in particular a cooling off period and net worth requirement. I currently used leveraged ETFs to enhance returns (fully understanding the downside risks) and I use them as a limited part of my overall portfolio. I'm fully capable of understanding leveraged and inverse leveraged funds and their risks. If FINRA imposes regulations, I believe there will be a disorderly unwinding of positions and existing investors could potentially incur substantial and permanent losses during the current period of market volatility.

James Hawk Comment On Regulatory Notice 22-08

I invest in the proshares 1x inverse S+p index and I am disturbed by the regulation that you propose as I will have no way to hedge or speculate on a decline in the S+P index unless I use the Futures market. This is an restriction on investors that is capricious and unnecessary. I want to have the ability to invest as I see fit without the heavy hand of FINRA interfering with my decisions!