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Joseph Wilhelm Comment On Regulatory Notice 22-08

As an adult who is competent enough to open a brokerage account and make trades, I should have the freedom to make any investment that meets the risk tolerance I deem acceptable. You, the regulators, don't understand my position or needs as an investor and as such are not qualified to direct me how to invest my money. Stop wasting my time and tax dollars by trying to restrict my investment strategies.

Shawn Asamoto-Brown Comment On Regulatory Notice 22-08

Dear Finra,

Leveraged funds are an important part of my investment strategy. Please do not make them difficult to access.

Yes, I understand and think most understand that the daily reset on leveraged funds means that an investor won't automatically earn the multiple of the index.

That said, they are tax efficient relative to futures for those of us who must invest in taxable brokerage accounts.

I do trade equity futures and am comfortable doing so, but leveraged funds are an important tool for me.