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Miyuki Iwata-Goldman Comment On Regulatory Notice 22-08

I am strongly opposed to limiting the ability of investors to buy leveraged index funds. I and my children have found long term investment in TQQQ and UPRO to have increased our retirement savings and college tuition savings considerably, thereby eliminating our need to go into debt.

Limiting these opportunities to only high net worth investors only furthers wealth inequality - helping the rich get richer and everyone else further into debt.

Kushal Patel Comment On Regulatory Notice 22-08

Investors in todays world are much more aware of risks of investing than ever before in the past. Their risk appetite is not a simple measure of what instruments they could invest in as even equities, margin, options, etc allow them to take infinite risk. These regulations seem completely arbitrary and are not in touch with reality. A better and more productive step would be to provide better resources to retail investors for their education instead of such measures.