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Kyle Walkley Comment On Regulatory Notice 22-08

I am a financially literate investor that uses leveraged ETFs as part of a diversified portfolio. Sweeping restrictions of financial instruments create unnecessary barriers of entry for investors seeking to increase market exposure. I believe regulation similar to options is acceptable as leveraged funds are inherently riskier than non-leveraged. However, a properly educated investor who understands the inherent risk of these products deserves to have the ability to utilize them.

Robin Messing Comment On Regulatory Notice 22-08

I oppose any burdensome regulation on leveraged funds. I have no objection if you want to require potential investors to read information about a fund's risk and pass a test based on that reading before allowing the investor to invest in a high-risk fund. But I have invested in a leveraged fund where I can lose all my investment, and I accept that risk based on market factors. However, when I invested I did not anticipate the government would make it significantly harder for me to sell my investment. That is not a risk I want to take.