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Rick Larrieu Comment On Regulatory Notice 22-08

Thank you for your time. I've gotten into investing over the last 5 months as an individual with limited funds. I've learned to responsibly utilize leveraged and inverse ETFs and they have become a crucial part of my trading strategy. For someone like me, it allows greater exposure in the market with less funds. Also, inverse tools make the most sense in a bear market which we are possibly going into this year. Finally, I have no idea why anyone would limit use of the plethora of tools available only to the affluent. This is a free country and everyone is considered an equal.

James Ward Comment On Regulatory Notice 22-08

I understand the leveraged and inverse investments that I choose to invest in. These ETFs make it possible for the little guy to avail themselves of investing strategies that would otherwise only be available to privileged individuals with resources I can only dream of. Recently I have been able to take advantage of rising interest rates through the use of treasury short ETFs. It's small. It's not a market mover. But it's mine. And it wouldn't have been available to me without access to these funds.

William Lake Comment On Regulatory Notice 22-08

Leveraged ETFs are a great way for people who have less money to have increased exposure to the market. They do have increased risk, but if an investor is willing to accept that risk, they should be allowed to use leveraged funds. I am currently investing in leveraged funds in 10% of my portfolio. It's a small enough amount that if I lose it all, I'll be fine, but if the strategy works out, I'll be able to complete my goal of starting life in the lower economic class and leaving life in the upper class. Please don't take away my economic mobility.