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Hugh Higgins Comment On Regulatory Notice 22-08

I am retired and have been investing for 14 years. It has been a learning experience and I invest in some leveraged ETFs, very seldom in inverse funds because I am aware of their danger, and in fact for several years have not chosen to invest in any of them. The leveraged funds however have been helpful to me. I monitor them daily and during difficult market conditions, as right now, I reduce my use of them, in fact they make up only 5 per cent or less of my holdings right now. Their unique strategies add to my choices, and as a free American citizen I ought to have those choices.

Ian Verbeck Comment On Regulatory Notice 22-08

The term "complex products" is a mask on an initiative aiming to limit the ability of lower net worth individuals to invest in the same high reward vehicles as their higher net worth counterparts. This regulation is another permutation of limiting access under the guise of limited understanding. Regarding those who actually have a limited understanding, why let them invest in single blue chip stocks that drop 30% overnight but not leveraged index funds which are much less likely to do so? People will always make bad investments - cars, houses, boats, etc.