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Jim Schmidt Comment On Regulatory Notice 22-08

I run a systematic quarterly rebalancing plan that is powered by leveraged ETFs. I know what I am doing. The proper use of these leveraged products is a key part of my financial plan.

These funds are important to me. They improve my performance over the long term. I am not engaged in reckless trading, I understand the effect of daily magnification of an indexs price movement, and I use this magnification to my advantage.

I do not want a third party evaluating my capability of managing these funds, and certainly do not want one preventing me from buying them.

Anonymous Comment On Regulatory Notice 22-08

FINRA should not take away rights of retail investors in trading leveraged ETFs. US market is not the only place to invest these days and it might force retail investor to invest more in risky offshore markets. If the leverage ETF investing is taken away from retail investors, it will widen the spread between bid/ask. Not to mention the number of jobs that will be lost in the financial industry. Limiting retail investors choice makes them more suspectable to market manipulations and unfair trading practices.