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Erik Smith Comment On Regulatory Notice 22-08

While I understand the desire to ensure a safer environment for retail investors, that effort should be limited to what is clearly predatory or fraudulent. Leveraged products are key to many effective risk management strategies which would otherwise require the use of options (significantly more complex) or margin (significantly riskier), both of which are easily accessible to retail investors without much more protection than forcing their acceptance of a warning that those represent additional risks.

Carl Moore Comment On Regulatory Notice 22-08

I am an educated adult American citizen. I am fully capable of making my own decisions on what security to invest in, including leveraged and inverse funds. In fact inverse funds specifically allow me to increase my capital in down markets instead of just sitting on the sidelines. I dont need or want a government or quasi government agency telling me what I can invest in, or reserving inverse and leveraged funds only for the wealthy elite.

David Saul Comment On Regulatory Notice 22-08

I invest in Leveraged ETF Options as a strategy and occasionally in the Leveraged ETF's themselves. I have been doing this for over 15 years. I have achieved a net profit every single year since Ive started using them regardless of whether the market is up or down. I strongly believe that I should be able to choose the investments that are right for me and that all public investments should be available for me to choose from. I should not have to go through any special process or pass any tests to invest in leveraged or inverse funds.

Devin Conley Comment On Regulatory Notice 22-08

I found it very alarming to hear that FINRA is considering restricting access to leveraged ETFs. It is very concerning to hear that regulators believe private investors are incapable of understanding the risks associated with a leveraged asset like the ones that I utilize in my investment strategy. These investments undoubtably are more complex than an individual stock, but it is my belief that it is an individuals responsibility and right to assess the risks for themselves before investing their money in any asset including leveraged etfs.