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Hudson Hoffman Comment On Regulatory Notice 22-08

Rather than limiting access to these products, perhaps increase education on them. Leveraged products are not discussed in any academic curriculum on neither a high school level nor university level. Word of mouth is the most common way for people to discover leveraged products. When I was first entering the markets at the ripe age of 15, one of the first investments I was told about was DWTI - the Direxion inverse 3x leveraged crude oil ETF. Watching it swing 20% in a week taught me a lot about risk management and capital gains.

Ray Kwoon Comment On Regulatory Notice 22-08

I am totally opposed to any restrictions on the freedom to choose what securities I'm allowed to buy. If protecting the public from excessive risk is the goal, then there are overwhelming categories of securities that Regulators would have to restrict. We would have not a free market but a restrictive one. It is the individual's responsibility and right to determine how much risk he/she is able to accept, rather than a matter to be regulated. Neither is it good to qualify investors with tests and processes, which inevitably act as deterrents.