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Anton Tevelev Comment On Regulatory Notice 22-08

It is important to maintain freedom in this country and to allow investors to continue investing into all leveraged and inverse funds, for example as offered by ProShares.

It is the investor - and not the regulator - should be able to decide where to invest. That is the foundation of the market economy.

Investor does not need any special measures imposed on them, such as passing tests. We are not in a middle school anymore.

Furthermore, leveraged and inverse funds are critical for many investment strategies and for reducing investment risks.

Neeraj Kamboj Comment On Regulatory Notice 22-08

HI, I am a knowledgeable individual investor and use leveraged and inverse ETFs strategically when needed. I use them to hedge and take advantage of special situations such as oversold or overbought market conditions. Please don't restrict my ability to buy/sell them whenever I need to. I need to be able to make this choice for myself. Any special processes imposed are unnecessary and onerous. Thanks Neeraj

Shankar Ganesh Comment On Regulatory Notice 22-08

I shouldn't have to go through any special process like passing a test before I can 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 are important to my investment strategies. They help me seek enhanced returns when I use them as a limited part of my overall portfolio.

Thomas Kirk Comment On Regulatory Notice 22-08

I am a young investor with a growing income but not a lot to invest right now. I use leveraged ETFs as part of a long-term strategy to gain more exposure to the US stock market now, when I don't have a lot to invest.

This allows me to, in the long term, reduce my risk from Sequence of Returns risk. This is a considered strategy I am pursuing, not a short-sighted gamble. Please allow low-net worth investors to continue investing in products such as UPRO (3X S&P 500) and TMF (3X long-term treasuries).