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Davis DeVries Comment On Regulatory Notice 22-08

I oppose any restrictions to my right to invest in specialized leveraged and inverse funds. These types of investment products should be available to any individual's investment strategy and not only to the privileged that can meet a set of arbitrary conditions set by regulators. I felt fully informed and understood all risk involved before I started to use these types of leveraged and inverse investment products. They have helped me to protect (hedge) my investments and seek enhanced returns.

Stephen Lane Comment On Regulatory Notice 22-08

I traded stocks from years 2000 through 2019 with little success. In mid 2019, I developed a strategy using leveraged funds, particularly UPRO, which tracks the S&P 500, that I am very comfortable and successful with. It worked during the pullback in March 2020 and during the following bull market through December 2021, and it continues to work during these turbulent times. PLEASE do not take away my right to trade shares of the leveraged fund UPRO or you will put me back to square one.

Steven Atcheson Comment On Regulatory Notice 22-08

I consider these proposed rules to be yet another abridgment of a citizen's right to do with his money what he chooses. I have half a century of experience in investing in stocks and bonds of all varieties. I learned how to do it the hard way, not by taking a test, but by self-study and experimenting with various instruments. I administered 2 employee pension plans as well as my own retirement funds, and retirement funds for my spouse and children. I have had some losses of course, but no net losses over any significant length of time.

Matthew Terhune Comment On Regulatory Notice 22-08

I am strongly opposed to the proposed regulations on leveraged and inverse funds. Limiting investments like this based on net worth is discriminatory (probably racially discriminatory, whether that is intended or not) and will only further stratify wealth in America at a time when this is already a significant problem. Leveraged and inverse funds are an important part of my investment strategy. They are a small part of my overall portfolio, and I already understand their inherent risks without tests or other restrictions being imposed on me.