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Jeffrey Reisner Comment On Regulatory Notice 22-08

I can certainly understand the agency's desire to protect the public but if you are inclined to invest, then you should take it upon yourself to become educated about what it is you are investing in. Limitations on leverage funds such DGAZY and TZA might have some benefit. However, limiting inverse funds is going to far. Leveraged funds which could be used to protect gains are far easier to use than put options. It doesn't seem quite fair that limiting inverse and leverage funds to the institutional investor is reasonable either.

Eugene Brinkley Comment On Regulatory Notice 22-08

I'm writing in opposition to proposed rules that would limit the public investor from investing in inverse and leveraged funds. I find it insulting that you feel you know better than the investor how to best analyze risks and formulate investment strategy. I feel that I, as well as most retail investors are perfectly capable of making investment decisions including using such funds in hedging strategies or for enhanced returns without govn't interference or "protection".