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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.

Igor Khurgin Comment On Regulatory Notice 22-08

I am very disappointed with the proposal to restrict my ability to buy leveraged and inversed fund. I am perfectly capable of educating myself about those instruments and I don't need to pass any special test. I am using these instruments to reduce risk and they are very beneficial to my portfolio strategy. I hope you would not enact any restrictions on purchasing those instruments by individual investors.