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Andrew Cole Comment On Regulatory Notice 22-08

Im strongly against restrictions on my right to invest in public investments. Ive invested an appropriate portion of my portfolio in leveraged and inverse funds to enhance my returns and to hedge, when necessary, for decades and its worked well for me. Ive known the potential risks and rewards from day one from any and all investments I invest in. I enjoy reading prospectus and thats what theyre for. Its ridiculous to ask people whove invested in securities for decades to take tests or demonstrate financial well-being for things theyve successfully utilized for years.

Jason Haslam Comment On Regulatory Notice 22-08

We are capable of understanding the complexities of leveraged funds and have a need to use these products on a daily basis to meet our goals. We do this with full understanding. If we were being coerced by a broker to engage in one of these funds or ETFs it might be a different issue. Please do not regulate or remove our ability to protect against losses with leveraged funds. It is much easier to do this way instead of using options.