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Fred Saunders Comment On Regulatory Notice 22-08

I should be able to choose investments that I deem appropriate for me. I primarily use inverse funds to hedge my fixed income portfolio. This enables me to collect interest on my investments while limiting downside exposure to my principal in a rising rate environment. Not having the ability to do so would unnecessarily cost me loss of principal. In addition, I also use inverse treasury funds as an investment in times of rising interest rates such as now. I don't see any greater risk in that than buying Treasury notes.

Nitin Gupta Comment On Regulatory Notice 22-08

Respected Regulators, I want to bring your attention to this change. I feel this is not correct for the following reasons: a) I (and my family) should be able to choose the public investments which are right for me as long as I understand the risks and the rewards. Public investments should be available to all of the public, not just the privileged. I don't want others to decide what I can do or not and where I should invest the money.