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Debra Young Comment On Regulatory Notice 22-08

PLEASE PLEASE DO NOT LET THIS HAPPEN! I OPPOSE THE RESTRICTIONS AND HAVE THE RIGHT TO INVEST IN PUBLIC INVESTMENTS. LEVERAGED AND INVERSE FUNDS/ETF'S ARE IMPORTANT TO MY TRADING STRATEGIES AND I UNDERSTAND THE RISKS. I DO NOT WANT THIS RIGHT TAKEN AWAY. THEY HELP TO PROTECT/HEDGE AGAINST A DOWN TURN AND I USE THEM OFTEN. AGAIN, I OPPOSE THE RESTRICTIONS TO MY RIGHT TO INVEST THE WAY I SEE FIT.

Xingyong Song Comment On Regulatory Notice 22-08

I oppose this restriction. First, some leveraged ETF like those 3X SP500 index, are actually less volatile than many individual stocks. If we restrict them, does it mean we need to restrict investing in many individual stocks ? Second, for people who would invest in these type of ETF, they will seek other ways to invest with leverage (such as borrowing money) if these ETFs are restricted. That will be even more risky. 3X ETF is managed by professionals and is safer compared to the case that investor directly do leveraging based investment.

William Reynolds Comment On Regulatory Notice 22-08

I want to relay my concerns about the referenced regulatory notice.
I do not believe any incremental regulatory requirements should be placed on leveraged investment instruments. I disagree with the notion of testing, thresholds, net worth requirements and so on. These are public instruments that should be made available to all. Firms selling these products are quite clear communicating the risks associated with the products. I've used them for years, as a small portion of a portfolio to achieve my overall objectives.