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James Messmer Comment On Regulatory Notice 22-08

The ability to freely access leveraged and inverse investment products allows even the small investor both opportunity and protection from market volatility. True, there are some who use these freedoms unwisely, but that is true of anything. Existing safeguards and regulations, in my opinion, are sufficient for the majority of investors, and risk and foolish choices will never be squeezed from investing. Risk assets are just that. Inverse products in particular serve as insurance for market gains during periods of increased volatility.

Heang Lee Comment On Regulatory Notice 22-08

Please let us invest in the leveraged investment products. This is only tool we have for small investors to hedge our investments with very small risk. Without this option, we would not be able to invest long term without safely hedging our long-term investments. These products are very handy when the risk is high like current period. Without these products, we may have to sell everything now to reduce losses if this risky period continues. With these products, we can hedge and ride out the storm.

Alex Wernberg Comment On Regulatory Notice 22-08

For me, leveraged funds are an indispensable way of dealing with market volatility. Being invested in a twice leveraged diversified equity fund, such as a leveraged SP500 fund' and holding 50% in cash, allows me not to panic in a sharp market downturn. Knowing I will not lose more than one half of my equity, allows me to make unemotional decisions when they are most needed. I request that you do not remove this important portfolio management tool from the individual investor.