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Zachary Covell Comment On Regulatory Notice 22-08

Limiting investors ability to invest in leveraged ETFs and funds and having to prove high-net worth and presuming that equates to understanding risk and investment knowledge is unnecessary. Investors are widespread and have to be responsible for their investment decisions. Taking away the opportunity from people who do understand the risks is thievery. It's like telling a person who's never taken a diving course that they're not going to be able to wear a scuba suit. All you have to do it get the instruction first.

Zhi Liang Comment On Regulatory Notice 22-08

I am shocked and disheartened to know that regulations/prospectuses are under consideration to preclude retail investors from trading the Leveraged and Inverse ETFs, such as TQQQ and SQQQ, etc. As a retail investor with limited funds to hedge against market risks, for instance, I often buy SQQQ to protect my tech stock position without holding up a large proportion of my liquidity, which has worked really well to cover my long term holding.