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Merritt Pitcher Comment On Regulatory Notice 22-08

If you limit access to leveraged and inverse securities you should do the same for ARK etfs. They are treacherous. Many common stocks represent more risk the the leveraged etfs. I realize that the etfs don't track exactly at 2X or 3X but they are close enough. Look at a long term chart of SSO or UPRO. They are far more predictable than most common stocks or ETFs. The "Big Boys" just don't want to share a good thing with the rest of us.

Terry Burnett Comment On Regulatory Notice 22-08

Government and industry regulators should have no authority to prevent or restrict individual investors from investing in securities that are perfectly legal, regardless of an investor's personal understanding of such products. Informing investors is a great thing, but regulators have no right to require investors to undergo any kind of prerequisite educating or testing prior to trading.

John Morris Comment On Regulatory Notice 22-08

To pass this regulation and eliminate certain investment vehicles, such as leveraged vehicles or the ability to go short on certain vehicles, implies several onerous things. Such as attempted regulatory manipulation of the market in one direction and secondly an insult to the intelligence of certain investors.
Why should vehicles that go short be more risky than vehicles that go long ?
Such laws more readily reflect and attempt to manipulate a market than protection of the investor!

Patricia Crouse Comment On Regulatory Notice 22-08

Please please please FINRA, please do not restrict me and my family from investing in leveraged and inverse funds. I am now making very nice profits due to these particular stocks / funds. I understand the risk involved and feel I should not have to go through passing a test or any other special process in order to invest in these public securities. They provide me the security with hedging my investments. Forgive me if this sounds dramatic, but I would be devastated if I were disallowed these types of leveraged and inverse funds. Thank you very much for your consideration.