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David Gareis Comment On Regulatory Notice 22-08

I am writing to express my opposition to increase regulation limiting the use and trading of reverse and leveraged securities. While these can represent a higher risk form of investing, they can also be an effective way for ordinary and yet well informed investors to navigate different trends and market environments. Efforts to limi this type of investing to the privileged few does not benefit average investors like myself.

Brendan Chen Comment On Regulatory Notice 22-08

Leveraged and inverse funds are important short-term investment strategies which should be easily accessible to retail investors. Retail investors already have limited access to hedging besides bonds, particularly short-term hedges. Other hedging choices like covered calls through options derivatives are more complex than inverse or leveraged funds. Putting increased barriers for retail investment only hurts the average person. Lastly, there are already numerous warning signs about the long-term risks of inverse funds and leveraged etfs before buying these products