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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.

Douglas Dingee Comment On Regulatory Notice 22-08

This proposal is just another attempt to restrict the options, retail investors have to invest in the market. Large institutions have always had a clear advantage, privy to information first, flash trading etc. Restricting retail investor's ability to short or long the markets using these types of vehicles is, once again giving the institutions the upper hand in playing in a field they already mostly control. I am completely aware of my risks when I trade with these levered products. Specifically, the inverse funds allow shorting in a simple fashion.