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Samuel Monroe Comment On Regulatory Notice 22-08

Please consider the small investors who want to hedge their investments in times of turbulence. The small investor has few places to go because the larger firms which might assist with hedging will not do business with a small investor. The rich get richer generally at the expense of the small investor, More tools like these, well monitored, are the better solution. Taking away tools like these works to the small investors disfavor.

Gene Schneider Comment On Regulatory Notice 22-08

Central bankers and government deficit spending have created once unimaginable asset bubbles, risk, and volatility.

To navigate these treacherous conditions, you need to have advanced tools and investments, and leveraged and inverse ETFs are part of that toolkit.

These investments are an important part of managing risk for a small investor like myself. I'm able to deploy a smaller amount of resources to hedge downside risk while maintaining longs/cash.

Maroun Hayek Comment On Regulatory Notice 22-08

As an individual investor, it took me years to improve my investment method, I have been quite successful at doing so, only when learned the usage of leverage funds. These tools have allowed me to achieve respectable returns while avoiding the most damaging strategy of all "MARGIN".

I urge you as regulators, to protect, as citizens, our judgment independence and liberty at using approved trading and investing tool.