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David Shock Comment On Regulatory Notice 22-08

Regulating the use of leveraged or inverse products to individual investors is a devastating and disastrous move to the public. It has no place in our free and open markets. These unique instruments allow for limited hedging and protection for portfolios of self directed investors such as myself in a very targeted and a LOW risk strategy and methodology which is extremely important ESPECIALLY in times of volatility - like NOW. The market has seen some idiotic speculation in some areas over the past few years but this is NOT one of them.

Shengnan Shao Comment On Regulatory Notice 22-08

As an individual investor, I take full responsibility for my investment choices. Public investment tools should be available to all, not just the privileged. Leveraged and inverse funds, options, etc. are important financial tools in the portfolio. I sometimes use them for risk management. I am strongly against the proposal to limit the trading of such financial tools. I do not want to have to go through more "tests" other than the existing financial and experience screens already held by the brokerage platforms.

William Heidenreich Comment On Regulatory Notice 22-08

An individual should be able to make their own choices regarding what their risk tolerance is and what investment vehicles they choose. Leveraged/Inverse funds are only a small portion of my portfolio. I use this type of an investment as a hedge to protect the rest of my portfolio as well as enhance my overall returns. Over the last 50 years that I have had an active portfolio of investments, my risk tolerance has decreased. However, I will always maintain a portion of my investments in aggressive securities. This is a choice that I have made as an informed investor.