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Sean Hickey Comment On Regulatory Notice 22-08

As an investor in leveraged ETFs, I oppose adding additional requirements to be able to invest in them. There are already very aggressive warnings against investing in leveraged ETFs on the brokerage sites that I've used (specifically Fidelity and Schwab). These extra warnings informed me that these products are not suitable for most investors and made you acknowledge that these investments are more risky than normal stocks or ETFs. These warnings were enough to scare me away from investing in leveraged ETFs for several years before I felt comfortable enough doing so.

Jimmy Garg Comment On Regulatory Notice 22-08

I, not regulators, should be able to choose the public investments that are right for me. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me. Leveraged and inverse funds are important to my investment strategies. They help me protect my investments or seek enhanced returns.