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Daniel Cochran Comment On Regulatory Notice 22-08

Dear Regulators:

I have been an investor in various markets for more than 50 years with experience ranging from stocks, bonds, and mutual funds to ETFs, commodities, real estate, complex financial instruments, and, most recently, crowd funding offerings. I understand, accept, and limit the risks of my investments. I should not be limited in my investments or be required to take creative means to legally circumvent restrictions, just because others fail to educate themselves about their investments and risks.