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Derek Jerina Comment On Regulatory Notice 22-08

I am angry to learn about potential limits of my ability to trade any public security. Leveraged and inverse funds allow me to better manage risks and liquidity in my portfolio. They also offer the ability to trade in smaller sizes than typical futures contracts. Being able to short something without having to adjust exposure daily is a massive benefit for investors. You can't naked short something without worrying as the price goes up that the position is getting too big. Requires constant monitoring. However, geared long and particularly short funds do this automatically.

Shawn Burgess Comment On Regulatory Notice 22-08

Disclosure requirements are fine, but restricting public access to investments is just not equitable. Punishing the little guy is unnecessary, unfair and discriminatory.

I am perfectly capable of making the right investment choices for myself and have been doing so for sometime. I immensely enjoy trading and investing. Leveraged ETFs, play a small, but important role as part of my total investment strategy. In fact, pulling the plug on their use at this very point in time in a bear market could cause irreparable harm to many investors. It is just the wrong approach.