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Justin Barnes Comment On Regulatory Notice 22-08

Hello, As a person who has personally traded leveraged funds for years it would be detrimental to both myself and my family to be restricted from doing so. I do not feel that it is appropriate for you to restrict us from trading these funds. Leveraged funds are a key part of our investment strategy and we understand the risks associated with them. We feel that if we choose to invest our money into them then that should be our right to do so even if they present risks. We should not be forced to get a license or take a test to continue trading the way that we have been doing.

Terry Steffen Comment On Regulatory Notice 22-08

I would like to submit my opposition to the actions to restrict access to certain funds that are deemed "complex". The funds are the small investors only ability to hedge their accounts against certain market risks. Without them we are left exposed to unnecessary risks. It's a bad idea to restrict investment opportunities. The reality is that these types of funds may be the only ability to make gains should the market go into an extended flat or down period.

Miyuki Iwata-Goldman Comment On Regulatory Notice 22-08

I am strongly opposed to limiting the ability of investors to buy leveraged index funds. I and my children have found long term investment in TQQQ and UPRO to have increased our retirement savings and college tuition savings considerably, thereby eliminating our need to go into debt.

Limiting these opportunities to only high net worth investors only furthers wealth inequality - helping the rich get richer and everyone else further into debt.

Kushal Patel Comment On Regulatory Notice 22-08

Investors in todays world are much more aware of risks of investing than ever before in the past. Their risk appetite is not a simple measure of what instruments they could invest in as even equities, margin, options, etc allow them to take infinite risk. These regulations seem completely arbitrary and are not in touch with reality. A better and more productive step would be to provide better resources to retail investors for their education instead of such measures.