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Patrick Segovia Comment On Regulatory Notice 22-08

To The Financial Industry Regulatory Authority (FINRA), I want to continue having the ability to freely invest in a broad range of public securities designated as complex productsincluding the leveraged and inverse funds offered by ProShares. These "complex products" have enabled me to protect my retirement portfolio from severe financial losses. Perfect example: The current "severe corrections" markets are experiencing due to the Russia-Ukraine conflict, inflation and potential higher interest rates. I have been able to hedge my retirement portfolio by buying inverse funds.

Bruce MacNaughton Comment On Regulatory Notice 22-08

I am a buy and hold investor. I might make 2 or 3 trades each year. I don't see any reason why I shouldn't be able to invest in leveraged funds with money I can afford to lose. I am 92 and have been investing for over 70 years. One learns much quicker from their mistakes than from government rules. I also started with nothing, now I am considered wealthy. I probably would not be able to pass your proposed tests.

Mingbiao Fei Comment On Regulatory Notice 22-08

Dear Sir / Madam:

This proposed regulation really hurts investor's interest. Firstly, it opens a door to the abuse of a vague definition of "complex products". In addition, it is investor's freedom and responsibility to make his/her own judgement. We do not need babysitting from regulators - unless regulator will pay for the loss of our investment. These leveraged and inverse funds are very critical part of my investment strategy to hedge the market volatility, especially in this moment of market uncertainly.

Please reconsider this proposal.