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Keith Fitz-Gerald Comment On Regulatory Notice 22-08

1:1 inverse funds are one of the very few remaining tools available to individual investors today that can help even the odds and improve market performance. Depriving investors of their right to access these funds would hurt the very people you're intending to help.

The investing public should be free to choose investments on their own, rather than having access controlled by a cabal of privileged insiders and market players.

Barry Forman Comment On Regulatory Notice 22-08

I urge you NOT to restrict ordinary investors from trading leveraged and inverse ETFs for the following reasons:

1. Inverse and inverse leveraged ETFs are often the only vehicles available to ordinary investors to hedge their cash and retirement accounts in a down market, or even to profit from down markets. Wealthy investors have many means to do this. Taking these products away from ordinary investors puts them at an unfair disadvantage.