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Scott Brzezinski Comment On Regulatory Notice 22-08

Dear FINRA- I am opposed to any regulation which doesn't allow me access to the same investment vehicles as the powerful, rich and well-healed of this planet. It comes to my attention that your organization is considering regulations which may prohibit or restrict me from investing with ProShares ETFs like the UltrraPro short fund. I have been investing my own money and receiving advice from advisors at Vanguard, Fidelity and other fine institutions since 1996.

Terry Comment On Regulatory Notice 22-08

I am a common individual investor. I have some stocks, such as RAYTHEON TECHNOLOGIES CORPORATION(RTX), OCCIDENTAL PETROLEUM CORPORATION(OXY), etc. Due to the recent market decline, I had to protect my investment. Three methods can be implemented which are futures, options, and inverse funds. It is too risky for me to involve in options and futures trading. It is a feasible and low risky solution for me to have inverse funds. Inverse funds can hedge my position. If the market continues to go down, I will buy some stocks of companies that I think are excellent.