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Russell Hutchison Comment On Regulatory Notice 22-08

Dear Sirs: I am writing to express my opinion that existing investor access to leveraged ETFs should be maintained. These investments are straightforward (leverage 1X, 2X, 3X, etc.) and every investor must understand that risk is inherent with these investments. As with any other investment. I consider leveraged ETFs to be much less risky than US traded Chinese stocks. The Chinese Variable Interest Entity (VIE) structure is highly risky and should be made illegal I believe. Please leave leveraged ETFs along, and ban all US traded Chinese stocks from trading on US stock exchanges.

Ronald Ungaro Comment On Regulatory Notice 22-08

I completely disagree with the proposed regulations to impose restriction or any limitations on my ability to invest in leveraged or inverse leveraged funds. The risks associated with these investments, like any other investment vehicle, are clearly detailed in the Prospectus documents which are readily available to the public. I oppose Government regulators imposing what I view as arbitrary and wholly unnecessary rules and special procedures directed to leveraged or inverse funds.