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Paul Macnamara Comment On Regulatory Notice 22-08

Don't take away my ability to trade in leveraged long/short products. To have regulators restrict my choice in investment products is absolutely wrong and would ultimately degrade my ability to manage my investments. Inverse funds are critically important in providing PROTECTION. It permits me to offset my long positions when markets decline. By using the inverse leveraged funds I can avoid selling my long holdings and incurring capital gains taxes.