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Kevin Terry Comment On Regulatory Notice 22-08

I use the leverage etfs to cover the 3 days I would need in some cases for funds available. In other words I use a method that follows the trend and goes long and short depending current conditions. So I use a double and double inverse at 50% of my total amount to get the same effect of go full size long and short. If it was not for these funds I would not be able to do this in my small account. I have been doing this for 20 years.

James Damon Comment On Regulatory Notice 22-08

Leveraged and inverse funds are needed for proper price discovery and liquidity. These products can be used to hedge a larger portfolio and thus reduce volatility not increase it. The much lower daily volume of leveraged funds compared to the volume of the base product clearly shows that these products are being used at a much, much lower volume and by many, many fewer traders. There is a reason for this. Traders of these products are professionals and must be allowed to continue to have these products available.

James Pyle Comment On Regulatory Notice 22-08

I do not wish for regulators to be able to chose the public investments that are right for me and my family. Such public investments should be available to all of the public not just the privileged.

I strongly object to having to use any special processes such as passing a test before being able to invest in public securities such as leveraged and inverse funds. Am fully capable of understanding leveraged and inverse funds and their related risks. I DONOT WANT SUCH MEASURES IMPOSED ON MY FREEDOM TO SELECT MY INVESTMENT METHODS!