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Joyce Gao Comment On Regulatory Notice 22-08

To whom it may concern,
I think I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.
I believe that I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I think I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me.
Thanks for you understanding!

Solomon Katz Comment On Regulatory Notice 22-08

I have found these instruments very valuable. Let me give you a simple example. Maybe four, five years ago my daughter opened a Roth IRA. We deposited exactly $2500 into two 2X leveraged funds, ROM and UCC. Complete buy and hold, no trading at all, especially as the IRA is held by Vanguard which restricted buying and selling of these securities altogether. So no option to sell and re-buy.