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Kevin Cun Comment On Regulatory Notice 22-08

Regulators,

I am an educated investor who has invested for 10+ years. I have educated myself through research and advise from my broker on how these securities work. I've learned great lessons from both the ups and downs. I have built a portfolio that is long the market. I use inverse instruments as a hedge against a downturn. Without these safeguards, I would be more exposed to risk and be highly concerned.

Yuri P Comment On Regulatory Notice 22-08

How dare you try to limit what I can and can not buy. It is absolutely none of your business what I do with my money as long as my actions fit within the confines of the law. Risk is an inherent factor of market involvement and it is each investor's duty to mitigate that risk for themselves, not yours. Imposing arbitrary limitations limits both the agency of the investor and their goals rather than offering retail investors the "protection" that you tout.

Sean Hickey Comment On Regulatory Notice 22-08

As an investor in leveraged ETFs, I oppose adding additional requirements to be able to invest in them. There are already very aggressive warnings against investing in leveraged ETFs on the brokerage sites that I've used (specifically Fidelity and Schwab). These extra warnings informed me that these products are not suitable for most investors and made you acknowledge that these investments are more risky than normal stocks or ETFs. These warnings were enough to scare me away from investing in leveraged ETFs for several years before I felt comfortable enough doing so.