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Melvin Law Comment On Regulatory Notice 22-08

I have invested in leveraged funds for over 20 years. Although they have risk, I am retired and would like to preserve wealth. I do this through leveraged funds. By investing 50% of my invested cash in a 2x leveraged fund, I get a return that is less than 2X in a given year but over a long period of time, I am likely to get more than 2X due to compounding. I understand these instruments are recommended for short term holding because of volatility decay. Over the last ten year period, the SPY ETF has had a 13.56% return while SSO 2X leveraged ETF has returned 22.97%.

Joao Manhaes Comment On Regulatory Notice 22-08

Dear Sirs, for several years I have been investing in the market and I am well aware of the risks and rewards of the available assets and tools to negotiate them. I am a retired small trader with accounts at three different brokers, therefore I wrote three of these comments, one for each platform. I am an educated person and feel comfortable and aware of my investment proficiency, Please, do not impair my ability to use all the resources available to trade. Thank you.

Elizabeth Otoole Comment On Regulatory Notice 22-08

I am opposed to regulations limiting investors ability to trade and invest in leveraged and inverse funds. Most brokerage firms already have safe guards in place to protect uneducated and unsophisticated investors, such as income and investment limits, and warning labels. Seriously - you have just as much risk in investing in Bitcoin - or AMC !! Or trading on margin !! These leveraged funds provide a way for me to hedge my portfolio and enhance my returns. I firmly believe existing safeguards are sufficient.