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Chase Cavanaugh Comment On Regulatory Notice 22-08

Leveraged and inverse funds allow me to hedge my portfolio and generate enhanced returns using derivatives. You don't need to be a rocket scientist to understand the concept of these funds and everyone should have access to them. Retail investors are capable of doing their own research and coming to a conclusion on whether or not these fit their risk tolerance and strategy without having to pass a test. There's plenty of information online to self educate. These shouldn't become restricted.

Steven Ede Comment On Regulatory Notice 22-08

High net worth requirements are a horrible restriction to place on leveraged securities. A regulator imposed test , and attesting to reading certain materials is fine because anyone has the capabilities to do this, many individuals have been investing their entire lives and have a plethora of knowledge and would not be able to meet this high net worth requirement. Leverage and inverse securities do pose higher risk but so do options and short positions, why should leveraged and inverse have a high net worth requirement when these other risky investments do not?

John Knighten Comment On Regulatory Notice 22-08

My feeling is that leveraged and inverse securities are very risky but the disclosures of risks are currently adequate. My broker requires a permission to trade them and only gives permission after risk disclosures are made. At some point, individual responsibility should be the focus. When used properly,,leveraged and inverse securities are very useful investment strategies and I would not favor additional restrictions imposed on their use. In fact, they are much more cost-effective than other methods of hedging for some strategies.