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Anonymous Comment On Regulatory Notice 22-08

My background is a buy-side equity trader for 28 years. There are complexity levels of investment products. Screening should be increased as the complexity levels increase, such as the Option trading approval levels are done. There are some newer products like inverse leveraged, and multiplied leveraged ETFs that normal investors do not understand. Specifically the use of futures and options and the declining time value of the instruments. This comes into play during a roll of the instrument to the next expiry.

Joshua Pan Comment On Regulatory Notice 22-08

I buy and sell leveraged ETF TQQQ frequently. I understand the risk in investment and use it as an important strategy to my investment goal. Right now I have a lot unrealized loss on TQQQ. If I am restricted from trading this leveraged ETF, then I will never recover my loss. Therefore, I strongly oppose any restrictions on my right to trade it. It is my investment and I should be able to determine what I want to do with it. Interference from FINRA is not necessary and is detrimental to my retirement account!

John Mellott Comment On Regulatory Notice 22-08

I am an ultra high net worth investor. UPRO is an important part of my investing future. It is my dream to leave money to future generations. UPRO is an important part of my charitable giving. I plan to hold UPRO for the remainder of my life. I am a long-term investor. I understand volatility. I have held UPRO for eight years. It goes up and down. I have achieved a 28.5% CAGR by holding and not selling. I am an investor not a speculator. In the long run it will create significant wealth for me and my family. Please do not prohibit me and my family from investing in UPRO.