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Daniel Loney Comment On Regulatory Notice 22-08

I am a regular individual investor currently investing in multiple leveraged etfs. Just because I am not in the 1% or a part of a major financial cooperation does not mean that I do not have the ability to study, learn, comprehend and weigh the risks of using the same financial instruments that professionals use. To regulate instruments like leveraged ETFs is an insult to retail investors like myself and further restricts retail investors' ability to compete with commercial investors.