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Donald Schultz Comment On Regulatory Notice 22-08

Comments: Please allow retail investors access to leveraged funds and ETFs as small exposure can be part of an important part of investment strategy such as hedging. If the position size is small (small percentage of portfolio) then the overall risk exposure to any of these funds can never be too great. Certain sectors (micro caps) can be as risky (if f not more so) than leveraged funds in my opinion. Finally, the access to leveraged funds has been allowed for many years without great losses (speaking of my account), so empirically I have managed any risk pretty well thus far.

Dan Tran Comment On Regulatory Notice 22-08

Ive been well informed by my stock broker with written documents and explanation about the risk of leveraged and inverse funds/ETFs. Therefore, I DO have the knowledge and understanding about the risks/rewards regarding the said funds/ETFs. Thus, I would like the freedom to trade inverse and leveraged ETFs since they enable me the flexibility to profit from both rising or falling or even flat stock markets by taking advantage of the associated covered-call option trades, and also to hedge against or reduce/limit the amount of potential losses.