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George Kredel Comment On Regulatory Notice 22-08

As an individual investor I trade many different leveraged ETFs and am fully aware of the risks. I have been trading for 20 years and am well educated about the markets. I also am a member of several stock market investment clubs. Please leave things the way they are now. Everyone should have the opportunity to invest as they see fit and we are all aware of the risks of trading and the potential loss of capital.

George Kredel

James Schierenberg Comment On Regulatory Notice 22-08

Inverse and leveraged ETFs are a great way to hedge. I am using one (SH) right now to hedge the downside of a professionally managed 60/40 portion of my portfolio. Please don't make it more difficult for me to manage my money.

I normally use the -1X to hedge. I use -2X or more only if I am convinced that I am directionally correct as they have considerable frictional costs. These funds aren't that difficult to understand, and they can be very helpful.

Don Landek Comment On Regulatory Notice 22-08

I totally oppose regulations (restrictions) to my right to invest. It is my ability and education and experienced that guides me in my investment decision. If I make or lose money it is on me. My fault or my credit. That is the American way. I do not want to see regulators controlling my investments. For what purpose? To protect me? In America risk is rewarded and punished. That is the essence of a free country. I totally object and oppose regulations and restrictions as to what I can invest in.

Matthew Berrett Comment On Regulatory Notice 22-08

I strongly disagree with any restrictions on any investment options available to me. My investment evolutionary tract should not be reduced by you just because there are those who have invested poorly or may do so in the future. I do not need further protections from myself nor do I need you to put more obstacles in my way. I already have to consent to my knowledge of inverse investment options before I can purchase them. I understand the reason for that safeguard, but that is as far as I think it should go.