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David Gray Comment On Regulatory Notice 22-08

I have used leveraged and inverse ETFs regularly and profitably during the market correction of the last 6 months. If not for the profit that I have made by using these ETFs as a very effective hedging tool, the value of my stock portfolio would have plummeted by more than 30%. But with the use of these leveraged and/or inverse ETSs as hedges, the overall value of my portfolio has gone up, not down in the last 6 months. The government has already taken away more than enough of my privacies and freedoms.

Stephen Denis Delear Comment On Regulatory Notice 22-08

Direxion put out a request for investors in their products to comment on this proposed action. I figure it would be better to avoid going through their portal. The consensus seems to be that the proposed action, in its details, would ban most investors from purchasing inverse and leveraged funds. These comments apply to exchange traded inverse and leveraged funds, and not similar products that may be illiquid or have redemption restrictions.

John Magee Comment On Regulatory Notice 22-08

While I am not against some basic check of investor knowledge of leveraged funds (similar to what is commonly required to use options), access to these funds should not be restricted for retail investors.

There are several reasonable use cases for leveraged funds, and retail investors should have ready access to them, just as professional money managers are able to employ leveraged systems.