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Jay Miao Comment On Regulatory Notice 22-08

Dear FINAR, I have been investing leveraged funds like TQQQ, UPRO, UDOW, SOXL,FAS for years. When they were held for long term, these type funds deliver extraordinary results for retail investors like me. As a wager earner and an average American , I see these type funds are only hope to get me to retirement. There are many bad risk assets in you list. The ones I mentioned are not. They are good asset types for retail investor to own. Please do not sway your agency's mission by political agenda.

Christian Hansen Comment On Regulatory Notice 22-08

I am writing to say how important leveraged funds are to my portfolio. Please allow me to continue to invest in these important funds, as they are part of my investment strategy. I have two masters degrees, one in economicsand I understand the risks/rewards that entail such investments. Additionally, one does not need not pass a test to understand these types of funds - just reading a few articles and descriptions are enough to know whether these investment vehicles are tailored for you.

Michaele Callahan Comment On Regulatory Notice 22-08

Dear Sir or Madam,

I was alarmed to hear of the proposal to restrict my right to invest by limiting access to leveraged and inverse investments. I hold strongly that I should be free to choose the public investments that are right for me and my family without regulatory interference. Public investments should be available to all of the public, not just the privileged.

Leveraged and inverse funds are important to my personal investment strategies. They are used as a limited part of my overall portfolio as a hedge to protect my investments.