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Andrew Garcia Comment On Regulatory Notice 22-08

Comments: I believe that limiting access to leveraged ETFs would be unfair to small traders. While leverage increases risk of loss, I think taking instruments like TQQQ away from the general public does more harm than good. You can try to prevent one person from losing money, but if that also severely handicaps someone who is actually seeing returns, I am not convinced that is a net good, all that has been done is preventing lower and middle class folks from taking on risk. To me, this doesn't sound like good regulation.

Joseph Gerber Comment On Regulatory Notice 22-08

We appreciate you bringing the inverse and leveraged funds to our attention. We only use them occasionally because markets are up 2/3 of the time.
For short downtrends it is often best to wait until they are over, but in longer downtrends some money can be made.

Public securities traded should not have any special requirements for investing. These are public securities, after all. The proposed rules make trades available to the privileged more than the general public and that is not right, either.