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Anthony Massaro Comment On Regulatory Notice 22-08

Comments: Disallowing retail investors the opportunity to hedge their portfolio with appropriate leveraged products is just another way of keeping retail investors from the many available investments that are out there for institutions. Allow us the opportunity to invest where we want, stop limiting our investment options it should be on the investor to decide and do their own due diligence on their investments.

Everett Nichols Comment On Regulatory Notice 22-08

Please do not attempt to restrict the use of specialty investments. They are needed for a well rounded approach to many peoples portfolios. If someone doesn't understand an investment they shouldn't be using it, or leave it to a professional. Do you really think your going to protect someone from themselves, when the don't know what they are doing? Leave the use of these investments the way they are.

Kevin Schroeder Comment On Regulatory Notice 22-08

Dear regulators, I do not think it is appropriate to further regulate investors in this regard. I am not a professional investor according to most definitions, but still I have been able to use several leveraged funds *more* effectively than I have individual securities. The regulatory restrictions that apply to me actually tend to result in *worse* decisions on my part, not better. I do not want to see even more rules in place to gum up the works.