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Daniel Parodi Comment On Regulatory Notice 22-08

My personal income and livelihood is based on my access to a broad variety of public investments. As an active trader, I have learned to use a mix of these to produce a modest, reliable, steady income regardless of market conditions. Leveraged ETFs (inverse or otherwise) are critical tools that allow me to minimize my exposure and preserve my capital. I prefer these ETFs to more time-sensitive options that other, more sophisticated investors often use.

Michael Alexenko Comment On Regulatory Notice 22-08

Comments: Leveraged and inverse ETFs are nothing more than simplifying the complex and opaque world of derivatives. These products are easy to understand and offer individual investors the opportunity to easily access the benefits of options without the complexity of understanding option pricing, execution and termination. Actions to limit access to these products will do harm and offer no benefit to the people it purports to help.