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Paul To Comment On Regulatory Notice 22-08

Over the last couple of years, leveraged and inverse ETF became a trendmedously useful tool for hedging my overall investment portfolio. There are times where I just cannot send my core holdings, and inverse ETFs became a very useful tool for hedging, especially in IRA accounts. It is far easier to use and safer than Shorts and Options.

Without these inverse and leveraged ETFs, you will be forcing a great number of non-pros into shorting and option trading, which is far risker and more difficult to manage.

Thanks for your consideration.

Matthew M Comment On Regulatory Notice 22-08

Comments are specifically speaking to self-directed / unadvised investors. Direct investment in derivatives should require additional education. Proof of completion of these courses should be required before being allowed to use them. This [REDACTED] is nitro, and the influence of people online pitching options strategies as easy and safe is enflaming the issue. It's far too easy to find stories of people actively ruining their lives because they just didn't understand. All that said, structured derivatives products should be able to be accessed by anyone and everyone using a DIY platform.

Michael Ballman Comment On Regulatory Notice 22-08

I strongly oppose any restriction of my right to invest in leveraged and inverse funds. I have spent the last 30 years of my investing life arriving at an approach which works for me and leveraged ETFs are a vital part of this approach. While they may not represent the majority of holdings in my portfolio, their leveraged nature makes them a necessary part in achieving my investment goals and in optimizing everything from risk hedges to tax implications. Without them, my entire approach would be invalid. Again, it took me 30 years to arrive at this approach.