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Virginia Iles Comment On Regulatory Notice 22-08

The public should be allowed to freely choose their investments. There should be no tests, no regulation by the government. For heavens sake, the government as it exists is based on lies and special interest groups. We the people do not want you to control our investment decisions or require regulatory qualification to be in the world of finance. These regulations just serve to make investing less accessible and less transparent to people. l Do not regulate.

John Kalli Comment On Regulatory Notice 22-08

I am very concerned about the possible restriction to trade leveraged and inverse funds. This is an important part of my investment strategy as they help me to hedge my investments using less money. They are a limited, but critical and strategic part of my overall investment portfolio. Its not difficult to understand the risks involved especially for the way I am using it. Without them, I would need to hedge my portfolio by trading futures and options. I have done this in the past, and through my experience, had found them much more difficult to manage.

SR-FINRA-2022-011

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to expand TRACE reporting requirements to trades in U.S. dollar-denominated foreign sovereign debt securities.

Mitchell Gamache Comment On Regulatory Notice 22-08

I am strongly opposed to the restrictions proposed by FINRA.

Leveraged and inverse funds are an important strategy and one of the few instruments available that allow retail investors to hedge and/or protect their portfolios and assets. Current market conditions are a prime example of the benefits of leveraged funds, wherein certain aspects of my portfolio have gained in value due over the past month, while the S&P 500 has declined more than 10%. This is due to my ability to utilize inverse leveraged funds as protection against such events.

John Newton Comment On Regulatory Notice 22-08

I am writing in opposition to limiting, and/or curtailing, access to certain complex trades. Limiting access to the general public promotes a preferred class and thus discriminates. Mandating qualifications further promulgates class distinction, in the guise of evaluating financial literacy. It perpetuates an old-boy culture.
Free and open trade should be supported; not denied. Individual choices should be respected; not mandated to conform to out-dated perspectives.