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James Tom Comment On Regulatory Notice 22-08

Response to the Financial Industry Regulatory Authority (FINRA) proposed rules on leveraged ETFs Leveraged ETFs may be volatile but it is not more volatile than many individual securities. In addition to uncertainties with individual stocks. Investors are able to allocate the use of leveraged ETFs to diverse their assets to fit their risk tolerance against the effects of a volatile and uncertain market. Placing restrictive rules on leveraged ETFs makes no more sense than putting rules on individual securities that are as volatile or more volatile than leveraged ETFs.

Rosemarie Johnson Comment On Regulatory Notice 22-08

We have been trading options on leveraged funds for several years. That is how we make our money. From time to time the fund is put to the account and we manage the position to have it called out in a timely manner. To take that ability away from us would be harmful to our investing style. As a knowledgeable trader, we should have the right to trade these positions and not be told we are not capable.

Ellen Levy Comment On Regulatory Notice 22-08

I, like many others, am fully capable of understanding market risks and specific investment risks of leveraged and inverse funds. I am capable of doing research, understanding risks, and making a decision on whether to invest. The decision should not be taken away from me or anyone else. If people are allowed to freely buy lottery tickets then so should anyone be allowed to invest in any product in the stock market. Anyone who doesn't understand the risks can make their own decision not to invest.

Richard Connett Comment On Regulatory Notice 22-08

This is to respectfully request that you DO NOT apply blanket and arbitrary rules that restricts investors access to publicly listed and traded securities. All investing incurs risk. Rules such as these could actually enhance liability as it implies other investments are "safe". Should investors assume "ZOOM" was a "safe, non-leveraged investment? What about TSLA? How about FTGC- The Commodities ETF? All investment/speculation assumes risk and decision to allocate any financial resources should lie with the investor and their advisor.