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Michael Lenker Comment On Regulatory Notice 22-08

Proposed limits on access to leveraged and inverse funds have no place in a public market. Individual investors are the appropriate judges of these investments' suitability for their particular investment plans. Plenty of sound advice is available for newbies, if needed, at a reasonable cost. The US regulatory regime is already outrageous, handicapping US citizens compared to nationals of other Western nations. Many foreign institutions refuse to deal with us at all, because of the reporting burden you place on them.

Nicholas Palombo Comment On Regulatory Notice 22-08

To price Americans out of investing instruments or to impose any measures that keep retail investors from accessing investment instruments is just about as un-American as it gets. Many investors, myself included, find leveraged and inverse ETFs as unique opportunities to obtain margin without needing a margin-enabled account or without taking on direct debt to invest in the stock market.

Ricky Emigh Comment On Regulatory Notice 22-08

I have been investing for quite some time and several years ago started looking into leveraged/inverse funds. I feel it is a better way to diversify my portfolio. Putting regulations on investing in them would only hurt people who use them in a way to do just that. I wish I would have learned about them much earlier in my life. I do not feel regulators should limit the right to invest in these types of investments based on demonstrating high net worth. Investments should be available to all and not just the super rich.

Erik Sundstrom Comment On Regulatory Notice 22-08

I oppose any restrictions in any manner to my right to invest in any inverse or leveraged fund. It is my responsibility and right to choose the investments that are appropriate for myself and my family.

I have successfully used inverse funds as a hedge in volatile markets. For me, these are one of the valuable investment tools that I use to moderate risk.

Please do not impose any special process or cooling off period as barriers to our right to choose what our investments are and when we want to make them.