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Rosemarie Hugel Comment On Regulatory Notice 22-08

Ive worked in an administrative position for many years and am well versed in the market. I currently invest in some leveraged etf funds. Like all stocks and bonds, there is always a risk. It is up to the individual to do their homework. It would be highly unfair to subject regular investors to having to take a test or to jump through hoops to buy some of these products. Obviously global factors cause a lot of the problems. maybe better controls should be instituted on electronic trading and the issues they cause.

John Yagla Comment On Regulatory Notice 22-08

Comments: As a Financial advisor and investor of 32+ years, I strongly believe having the ability to purchase 1x inverse ETF's is a valuable short term hedging tool. I am not a fan of the leveraged ETF's as they can create a lot of damage if used improperly. Also the tracking error over time is very problematic. With that said, knowledgeable investors should have access to these ETF's and FINRA could put in a liquid net worth requirement for access to these products.

Devin McDonnell Comment On Regulatory Notice 22-08

The government has no reasonable grounds to take this action to decrease the tools available to the average investor for the purposes of 'protecting them' from being able to make their own choices. Inverse and leveraged etfs are specialized and risky tools that nonetheless can be used productively by a skilled retail trader, and more to the point, it should be an individual's choice.

John Wertz Comment On Regulatory Notice 22-08

Leveraged and inverse funds, like all nearly all investments, are risky. Adequate disclosure of risks should be sufficient for individual investor protection. If regulators do not believe that investors understand the risks from the prospectus, then what does this say about efforts to protect investors in domains beyond these funds? Moreover, what risks are unique to these funds that regulators believe are not well understood by investors despite disclosure (e.g., slippage, liquidation risk)?