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David Elias Comment On Regulatory Notice 22-08

There are many securities that are highly volatile. People legally invest in penny stocks and crypto currency. Why were these ETFs singled out? They serve a real purpose. I have used them personally to address or hedge broad market positions and commodity positions. I think it is up to the investor and their advisors to select appropriate investments.
I suspect more harm has been done to investors in securities such as Netflix and others that have huge sell offs than has been done by all of the leveraged and inverse ETFs.

Benjamin Row Comment On Regulatory Notice 22-08

This regulatory change further exacerbates financial disparity in access to investment vehicles based on high and lower income earners. Consumer safety is important but not at the expense of force limiting options for investment. Whats really needed is stronger financial education, accessible regardless of means, which provides more opportunities for everyday Americans to build wealth based on their commitment to building out their financial acumen and equal access to the markets.