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Royce Knight Comment On Regulatory Notice 22-08

I should be able to choose the public investments that are right for me. Public investments should be available to all of the public, not just the wealthy and privileged.

I shouldn't have to go through any special process in order to invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks.

Leveraged and inverse funds, especially inverse funds, are crucial to my investment strategy, as I use them as a hedge to protect my other investments.

Keith Jaworski Comment On Regulatory Notice 22-08

I strongly disagree with the addition of any new oversight related to leveraged and particularly inverse etf's. I use them to hedge/protect my family's assets particularly in periods of heightened volatility, which is becoming increasingly frequent as the machines/algorithms have taken over trading (an area that regulators don't appear to be overly concerned with). Regulators should not assume that they know what's better for investors than the investors themselves when it comes to limiting their investment options or trading frequency.

Matthew Radtke Comment On Regulatory Notice 22-08

As a long-time trader and investor, I have always believed that it is up to each individual to understand the instruments that he or she invests in. Leveraged and inverse ETFs are no different: they have some unique risks, but also unique rewards which make them particularly well-suited to short-term hedging and even speculating. The playing field is already tilted in favor of institutional investors -- please don't add one more hurdle for retail investors.