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Luis Legrand Comment On Regulatory Notice 22-08

Dear FINRA Members, As well as you may know, in Argentina we have serious limitations or restrictions to manage our own surplus money. And that's the reason why I thought your country was a bit different from ours, because you have the freedom (as in many other things) to invest in whatever you want to. Now, reading about all these "rules" "tests" , etc only brings me bad memories and sadness. I use leveraged and inverse funds because I seek enhanced returns from them, and I am aware about their risks. Having them or not in my portfolio I thought it was my decision, my right to do it.

Douglas Hoeger Comment On Regulatory Notice 22-08

I should have the same rights and privileges as any other company or individual with regards to ALL stock market investment choices, including leveraged and inverse funds. First and foremost, the stock market is there for the public good, not the privileged few. I am fully capable of understanding the risks of investing and it is my responsibility to bear those risks. It is FINRA's responsibility to level the playing field so that the individual investor is neither penalized nor hindered from competing in a fair and open market.