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Qingfeng Duan Comment On Regulatory Notice 22-08

To Whom It May Concern,

I am commenting to oppose the proposed restrictions.

As an average long-term investor, I normally use leveraged and inverse funds to protect my investments. I believe that I have gained knowledge of the benefits and risks of investing these funds. I believe that I should be able to determine if I should invest to these funds by myself, without having to passing certain tests.

Allison Zhang Comment On Regulatory Notice 22-08

I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. I shouldnt have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I understand the risks of leveraged and inverse funds just like the common stocks, and do not need restrictions or other measures imposed on me.

Honming Ng Comment On Regulatory Notice 22-08

I am an individual investor and I have been taking advantage of leveraged ETFs for some time. I limit use of leveraged ETF to one of the 3 major stock market indexes, where my portfolio has diversification. I understand leveraged ETFs may be volatile, but theres a lot of individual securities that are more volatile. Regulators should not place more restrictive rules on leveraged ETFs. All individual investors should have the same rights to choose public investments for themselves.