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Thomas Noonan Comment On Regulatory Notice 22-08

It is important to allow investors to use leveraged and inverse funds in their portfolios. These add an opportunity to participate in a sound and well managed personal investment effort to be successful. Brokerages provided valued information and warning about these produces to their clients.

Individual investors put a lot of time and effort to understand L&I Funds. I know that I do and have participated in them for a long time. No change is needed in this regard.
Thanks Tom

Terry Yonce Comment On Regulatory Notice 22-08

In regards to your proposed legislation to apply special criteria to investors who wish to trade in some leveraged or inverse funds. At the best, the proposed legislation is an additional burden to investors. At the worst is that it is discriminatory that shuts out small investors in favor of wealthy investors an private wealth or hedge funds. I currently have held one of these funds for over 11 years. It has allowed me to turn a small investment into up to 11 times it's size. I know it goes down farther than market swings, but it also goes higher than market gains too.