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Steven Rosenfeld Comment On Regulatory Notice 22-08

In the past 20 or so years, we have had three major market corrections of approximately 37%, 40% and 50%. In all of those cases, it would take close to 10 years to recover the losses, based on normal rates of returns (for example, a 50% drop requires 100% returns to become whole). If you started retirement savings at a time later than ideal, for any number of reasons, you need the ability to try to retire at acceptable levels, and leveraged funds can allow this to take place.

Carolyn Horadan Comment On Regulatory Notice 22-08

I completely disagree with the notion to take away people's rights to invest in products that level the playing field, make them money in good markets, and hedge their risk in poor markets. The stock market is a marketplace for everyone and people should continue to keep their rights to invest in what they want to in the public markets, without greater regulatory scrutiny. Thank you.