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Frances Andria Comment On Regulatory Notice 22-08

The stock market will undergo a difficult period in the coming years. At times, it will be necessary for investors to buy protection to hedge against market declines. Regulations that prevent retail traders from hedging their investments through inverse funds will ensure that large institutional investors profit and protect their investments during market selloffs while retail investors will be decimated. This is grossly unfair and another example of government policies that are designed to transfer wealth from the middle class to the elites.

Don Dwyer Comment On Regulatory Notice 22-08

Leveraged and inverse funds are important to my investment strategy. I utilize these funds to protect my investments. Additionally, public investments should be available to all of the public, not just the privileged.

Consider that most actively managed mutual funds available to millions of Americans through their company 401k/403b plans underperform the market. Yet there are no special requirements to invest in those mutual funds.

Samuel Emery Comment On Regulatory Notice 22-08

FINRA, I should be able to choose the investments appropriate for me including leveraged and inverse funds if I so choose. There should not be special tests imposed to buy these. If you wish to require that brokers issues warnings about risks at the time of purchase, which the buyer must acknowledge, that is okay, but there should not be special processes or tests. I use inverse and sometimes leveraged instruments to offset risks of other investments in my portfolio. I wish to continue to.
Thanks.

Nathanael DePutter Comment On Regulatory Notice 22-08

Restricting investor access to inverse and leveraged funds while leaving such funds available to institutional investors is both discriminatory and likely to contribute to wealth inequality in America. Requiring a certain net worth is a particularly insulting way to discriminate against individual investors. I understand that these funds can move in ways that unsophisticated investors do not understand and I also understand the desire to protect said investors from potential loss. The clear solution to this tension is a knowledge test and NOT any of the other proposed hurdles.