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Jacob Schuetze Comment On Regulatory Notice 22-08

Regulators should not restrict my ability to invest in public securities, including leveraged or inverse funds. These types of investments are a valuable addition to my portfolio and provide additional diversification. For example, I have acquired leveraged inverse funds a few months ago (since the downturn of the stock market), in order to protect the upside of previous investments and offset the losses with the gains of the leverages inverse funds. This has helped my portfolio to remain constant, even though the broader market has decreased substantially.

E.C. Arnold Comment On Regulatory Notice 22-08

I want to retain my ability to invest in leveraged and inverse funds without any control or denial from regulators. I have provided for me and my family for over fifty years without any regulator making decisions for me and my investments. I still have the ability to handle my financial affairs and do not need the government regulators to restrict me making leveraged and inverse investments.

Phillip Shreves Comment On Regulatory Notice 22-08

Hello,

It is important for all investors to be able to access complex and leveraged products without discrimination. By placing a limit on retail investors, we are limiting their ability to make conscientious and smart decisions, which reduces their ability to succeed as investors. By removing the ability for the public to by all public investment products, FINRA is furthering the development of a class society and increasing the economic gap between public and privileged investors.

Kenneth Burns Comment On Regulatory Notice 22-08

I am a private investor who has used leveraged and inverse funds for over 8 years to augment a portion of my investment portfolio. There are higher risks investing in these funds that I am fully aware of and capable of managing. Individual investors should have the right to invest in whatever instrument their risk tolerance is matched to, with strategies that they develop to minimize those risks in tune with their own investment objectives.