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Linfred Unternahrer Comment On Regulatory Notice 22-08

I believe it would not be right to limit the use of inverse and leveraged funds only to specialized brokers or limit them to certain sectors. As a public investor I use leveraged and inverse funds on a daily basis as a way to seek enhanced returns. I am fully aware of the risk of these funds, going so far as to download 30+ years of historical market data and running my trading strategy against this to see how it would perform in up and down markets.

Brandon Heiss Comment On Regulatory Notice 22-08

I've used leverage as part of a well-researched and highly-effective investment strategy for the past 14 years. This allows me to grow my investments - responsibly - much faster than would otherwise be possible without leverage. I should have the right to choose whatever investments make the most sense for me, and be expected to handle the consequences of any mistakes I make in their use. Investors already have to sign a separate agreement to trade leveraged funds that alerts them to the risk.