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Victor Wilcox Comment On Regulatory Notice 22-08

As an individual investor I am concerned that limiting my investment options is being considered.

Commodity ETFs, inverse ETFs, and leveraged ETFs are an important part of my investment strategy, both as defensive options in turbulent markets and as vehicles to enhance short to medium term trend investment strategies.

These investment vehicles should not be limited to use by high wealth individuals or large companies. They are important to individual investors such as myself.

Harold Levkowitz Comment On Regulatory Notice 22-08

Dear Sirs- I have been successfully using leveraged ETF's that follow a multiple of either the S&P500, The Dow, and the NASDQ to bolster my investment portfolio, together with bell shaped conservative funds, using a diversified mix of funds. I am an aggressive investor. I have had success with a 10 or 15% mix of 2x and 3x bull market etf's. I have found the S&P500 and Nasdaq bull ETF's to be the most marketable, and have the lowest service fees.