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Jeremy Blair Comment On Regulatory Notice 22-08

I'm astounded that you would attempt to limit access to leveraged funds on on regulated securities through registered brokers on public regulated exchanges, while doing nothing to restrict trading of unregulated, crypto currency in speculative ponzy schemes, that are wildly volatile, and subject to blatant market manipulation with pump-and-dump as a regular practice. This is the height of stupidity in regulation.

Steven Groover Comment On Regulatory Notice 22-08

I oppose changing regulations for levered ETFs/ETNs. The products are a preferred alternative to options or margin trading. This also creates a slippery slope for more regulatory overreach. It is already difficult enough to get approval to trade certain types of options. Many brokerage firms require certain experience, but how can you get experience if you arent allowed to trade them? New training can be gamed and people will develop workarounds.