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David Locke Comment On Regulatory Notice 22-08

Estute Regulators,

Existing controls for access and use of higher performance/risk instruments are designed to and do adequately protect the investor.

Through the brokerage/firm, the investor is required to review and agree to very clearly stated statements as to the risk that leveraged (or otherwise higher risk) instruments carry. Responsibility for the outome of poor investment decisions lies squarely with the individual who seeks to gamble with such investments.

Zac Milligan Comment On Regulatory Notice 22-08

It is dangerous and irresponsible to even threaten removing leveraged ETFs from investors in the middle of a market correction. LETFs provide less risk than short term options trades and meme stocks, and can be fundamental to a balanced portfolio that outperforms the market. If such ridiculous action were to take place, Id hope it would occur during a period in which the market is at all time highs. Do NOT remove leveraged ETFs from the common mans tool kit.