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David Mahoney Comment On Regulatory Notice 22-08

I've been using various leveraged and inverse funds for 20+ years. They are an integral part of my overall investment portfolio. I already had to convince Fidelity Investments that I understood these types of trading vehicles by reading, educating myself and signing a consent form. And they periodically (every other year or so) request that I sign the consent forms again. And I certainly don't need to recertify again, according to the government's criteria, that I know what I'm doing.

Chae Yi Comment On Regulatory Notice 22-08

Its critical that every investor have access to these types of instruments to protect our accounts. Restricting investment in these instruments will further handicap the market for smaller retail investors and skew the dominance larger accounts can have in swaying the markets.

All investors are made aware of the high risks and fees associated with these levered and inverse products, so they are not being manipulated or swindled. Restricting retail accounts from these investments would unfairly harm the retail accounts this proposal seeks to protect.

Badal Patel Comment On Regulatory Notice 22-08

I strongly oppose restrictions on my right to invest in leveraged and inverse funds. Regulators should not be able to choose the public investments that are right for my family and I. These should be available to everyone, not only the privileged. I am fully capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me. Leveraged and inverse funds are extremely important to my investment strategies and help hedge my investments and can provide greater returns.