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James Ward Comment On Regulatory Notice 22-08

I understand the leveraged and inverse investments that I choose to invest in. These ETFs make it possible for the little guy to avail themselves of investing strategies that would otherwise only be available to privileged individuals with resources I can only dream of. Recently I have been able to take advantage of rising interest rates through the use of treasury short ETFs. It's small. It's not a market mover. But it's mine. And it wouldn't have been available to me without access to these funds.

William Lake Comment On Regulatory Notice 22-08

Leveraged ETFs are a great way for people who have less money to have increased exposure to the market. They do have increased risk, but if an investor is willing to accept that risk, they should be allowed to use leveraged funds. I am currently investing in leveraged funds in 10% of my portfolio. It's a small enough amount that if I lose it all, I'll be fine, but if the strategy works out, I'll be able to complete my goal of starting life in the lower economic class and leaving life in the upper class. Please don't take away my economic mobility.