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Edwin Pohle Comment On Regulatory Notice 22-08

Prior to retirement I was in the securities industry for over 40 years, a substantial period was spent as a partner of a major securities firm as VP in charge of derivatives. I dealt with people and firms with an interest and need to hedge their risk - my own portfolio is hedged appropriately with the instruments you mention. The proposals that you consider are needless and counter productive.

Malcolm Cutchin Comment On Regulatory Notice 22-08

I use leveraged funds to hedge my accounts in volatile markets. They are a particularly efficient and inexpensive way to do that in a short-term way. Regulations make short-selling as a hedge very difficult and cumbersome; the ability to access leveraged ETFs levels the playing field for retail investors who do not use brokers. I understand the risks and decay of the instruments, but those are minimal when used as short term hedges. If one can buy options, why not leveraged ETFs? I really want to maintain the freedom of access to such ETFs.