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Anonymous Comment On Regulatory Notice 22-08

Why should an investor use Leveraged Funds? 1) Better Outcomes: Yale professors did a study on the use of leverage on retirement investing from 1871-2004 (1): “By employing leverage to gain more exposure to stocks when young, individuals can achieve better diversification across time. Using stock data going back to 1871, we show that buying stock on margin when young combined with more conservative investments when older stochastically dominates standard investment strategies—both traditional life-cycle investments and 100%-stock investments.

Terence Oliver Comment On Regulatory Notice 22-08

I appreciate FINRA's concerns regarding investor protection. At the same time, I wholeheartedly disagree with FINRA's NtM 22-08 proposal to - "Require investors to pass a test to trade a complex product and potentially undergo re-testing from time to time to ensure the investors continued understanding." I've traded leveraged ETFs for many years and they're an important part of a long term strategy. I urge FINRA to carefully consider the negative impact of this proposal on retail investors.

Carol Reynolds Comment On Regulatory Notice 22-08

I think 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 privileged.

I do my own vetting, my own research. I'm very careful to diversify my investments. I don't invest more than I can afford to lose. The riskier the venture, the less money I invest. But I want to make these choices myself; please don't restrict me!