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William Edwards Comment On Regulatory Notice 22-08

I do not want to have my ability to select whatever public investments that are right for me diminished or restricted.

While I tend to be a conservative investor, the use of leveraged or inverse funds at times has been of value in my portfolio.

While I am not a financial novice and currently am engaged in developing financial models for ICT networks in many countries, Having to pass some type of test or asking Fidelity (my broker) for permission would be onerous.

This proposed regulation needs to be stopped.

Wendy Laubach Comment On Regulatory Notice 22-08

No one makes my financial or investment decisions but me. I particularly object to having to pass a test or get a broker's permission to invest my own money as I see fit. I might consent to take the advice of a broker or a government bureaucrat if either of them could demonstrate superb financial or investment acumen, but I consider that unlikely. You bureaucrats mess up with the money entrusted to you; do me the courtesy of succeeding or failing with my own funds.

Matthew Kleczynski Comment On Regulatory Notice 22-08

I want to thank you for your time and your commitment to helping me and my loved ones succeed in life. This is to address any concerns you may have towards leveraged and inverse funds. These are very important investment vehicles that my family and I have used over the years to help offer protection and provide investment strategies.

I believe that I should be able to choose the public investments that I believe and understand to be right for me and my family without any restrictions.

Yaya Liu Comment On Regulatory Notice 22-08

Dear FINRA officers: I am a small individual stock/ETF investor, and I would like to share my opinion with you about the opportunities to trade ETFs, including those leverage and inverse funds such as my favorites: TQQQ and SQQQ, etc. Both of my funds and experiences are limited, but I still benefited from trading ETFs in the market. I understand the risks it may involve in trading, and I don't see anything particularly different between, say, QQQ vs. TQQQ/SQQQ. They all involve some risks, and I know I must be responsible for the resulting risk.

Arvind Chopra Comment On Regulatory Notice 22-08

Leveraged ETFs especially on broad indices such as SP500/NDX100/US-Treasury are much better way to adjust risk reward tradeoff.

1. Such ETFs are LESS RISKY compared to Call/Put Options in which investors usually loose money due to time decays.

2. Such ETFs are also a much cheaper way to achieve leverage instead of margin accounts/interest.

3. Leveraged ETFs are much more efficient than Call/Put options which have much wider bid/ask spreads