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JY Comment On Regulatory Notice 22-08

As an EDUCATED retail investor, I feel the current systems in place are a bit TOO RELAXED for retail investors/traders to access complex products. But an outright ban is also very, VERY WRONG. We may need to raise the barriers somewhat by requiring education AND a simplified form of registration (certifying they understand the risks and perhaps a small registration fee to make the point stick) from the investor/trader to allow trading of complex financial products, but certainly NOT A BAN. EDUCATED traders like myself know that complex products are for TRADING, not for INVESTING.

John LeFuerst Comment On Regulatory Notice 22-08

Leveraged funds have allowed me to expedite my path to retirement and provide a better life for my family. I am fully capable of managing my money with leveraged ETFs. Regulating these funds would directly reduce the tax impact and would impact the economy negatively as I would not be able to spend as much as I could otherwise. Please do not my right to invest FREELY in leveraged funds.

Lei Ding Comment On Regulatory Notice 22-08

Whatever information big institutions cane get should be available to all trader. It is fair market. Anyway to limit The trading right if average people poses a severe threat towards market fairness. It's like locking people in home because of Flu. Retail traders or investors should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged funds are. Also, the liquidity will be severely affected if passed.

Karl Gelles Comment On Regulatory Notice 22-08

The last thing we need is more regulation. All trading is risky and cut throat. As an investor with a little less than one year of experience, I do not find inverse ETFs "complex" at all. Yes, they have issues such as decay over time, but overall they are easy to understand and one just has to watch them closely. My Fidelity account already made me accept a disclosure to trade with these funds and that is enough "regulation".