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Mark Smith Comment On Regulatory Notice 22-08

I am capable of understanding leveraged and inverse funds. I do my own research and should not be required to take tests or have a high net worth to be able to invest. I use leveraged and inverse funds as insurance for my investments. Making these important investments harder to obtain would be very detrimental to overall portfolio security. I should be able to choose investments that I see fit without these restrictive measures imposed on me.

Darren Kahler Comment On Regulatory Notice 22-08

I am an experienced, knowledgeable, and capable, investor. I should be able to choose the investments that are right for me, without government interference in the form of regulatory restrictions. Burdensome regulations would hit small individual investors like me the hardest, while institutional investment firms and very rich investors would retain yet another advantage (among the many that they already possess) - essentially enhancing their position of privilege, given the vast resources that they have at their disposal to comply with government regulations.