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Michael Kessler Comment On Regulatory Notice 22-08

Its interesting to see how FINRA favors "big money", who causes most of the chaos and wide market swings, over those of whom are considered the (retail investor). Every prospectus lists the risks associated with the particular stock or fund, stating "Investor beware", yet FINRA considers margin and option trading less riskier. Regulators tend to pick the "flavor of the day" to pick at and remove the retail investors ability to buy and sell without added bureaucracy. This is not a heathy direction to take.

Robert Buck Comment On Regulatory Notice 22-08

Dear FINRA Regulators, Trading leveraged and inverse ETFs is far less risky than trading options, which only require a special signature with your broker. So why over-regulate these valuable products? There is a large market for these leveraged ETFs, and their accessibility is precisely what makes them more desirable than options. An investor will not trade leveraged ETFs if he is not comfortable with them, but so many of us are comfortable with them, and are ready to trade them, with full knowledge of how they move.

Marco Ferrara Comment On Regulatory Notice 22-08

What gives the government the right to regulate a free market for what investing decisions are right for me and my family. A complete overreach of powers that will set growing distaste of government officials. Where is the regulation for insider trading at the political/congressional level? Why is that not a priority where they are privy to material, sensitive information. Where the small retail investor is not and rarely moves any needle. Completely unacceptable and grows the distrust in our government.

Daniel Beaulieu Comment On Regulatory Notice 22-08

There was a time where retail investing was uncommon, and markets have become more inclusive. That trend should continue, or at least not move backwards. Regulation should exist where there is information asymmetry and misaligned incentives, such as what CDO crisis that triggered 2008, which was mainly caused by banks not even understanding these assets and rating agencys being captured and failing to accurately asses the risks. Leveraged ETFs do not have an information asymmetry risk.