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Wajna Harf Comment On Regulatory Notice 22-08

- Many of the leverage etfs, specially those which represents the broader market, such as UDOW (3x Dow Jones etf), have a long term upward movement and can be held long term if investors can stomach the volatility. Meaning if investor held them, they would have been rewarded. If you ignore the most recent downturn, UDOW since inception had an upward movement and rewarded investors more than 15 times their original investment outperforming the Dow Jones Etf over the same period.

Ronald Hinds Comment On Regulatory Notice 22-08

I find it offensive that a regulatory agency wants to curtail the private financial investment choices of adult citizens, under the guise of "protecting" us.

Free markets work best when they are truly FREE. I am perfectly capable of reading the prospectus and understanding the risks of my investment decisions. If a person does not understand those risks, then the prudent move is to walk away. But again, they are free to make whatever choice seems best to them.