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Thomas Kirk Comment On Regulatory Notice 22-08

I am a young investor with a growing income but not a lot to invest right now. I use leveraged ETFs as part of a long-term strategy to gain more exposure to the US stock market now, when I don't have a lot to invest.

This allows me to, in the long term, reduce my risk from Sequence of Returns risk. This is a considered strategy I am pursuing, not a short-sighted gamble. Please allow low-net worth investors to continue investing in products such as UPRO (3X S&P 500) and TMF (3X long-term treasuries).

Allen Duerson Comment On Regulatory Notice 22-08

I am an individual investor and use leveraged investments as part of my investment strategy. I have not found them to present risks that jeopardize my investments when managed properly in proportion and with balance to my other investments. They play an important part in my overall portfolio strategy balancing risk and reward. I fully understand and manage the risks they present as well as any other risks that exist in other securities in my portfolio.

Sidney Noe Comment On Regulatory Notice 22-08

I am very concerned about recent intentions to limit the publics ability to invest in leveraged and/or inverse funds. No one knows better what investments are right for me than me. I should not be required to prove myself to anyone before being allowed to invest my hard earned money where I see fit. The whole idea of the nanny state where the government needs to take care of me is extremely offensive. These products serve a valuable role during different market conditions. If anything, more financial products should be made available to all, not the other way around.