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Keir Majarrez Comment On Regulatory Notice 22-08

Comments: Dear FINRA, I fully understand the composition and risks associated with complex leveraged funds. They are short term in nature and utilize complex derivatives, mostly swaps which may or may not be regulated by public markets. They are an excellent way of maximizing short-term returns when identifying a correct short-term trend in a particular market sector. After voicing concern many years ago about the impact of potentially having private derivatives affecting public companies, my concerns were ignored by both the SEC and PCAOB at the time.

Jurgen Dopatka Comment On Regulatory Notice 22-08

I do not need a regulator to tell me what I can invest in or not, unless there is clear evidence that there is insufficient market competition, market failure or market inefficiency. I use a portion of leveraged funds to either hedge my overall portfolio, or to enhance my returns, depending on where the market stands at a given time. As an almost-fulltime personal investor, I am well-versed in the workings of the market and its investment vehicles, and don't need a regulator to work on my behalf, at the risk of possibly interfering with or inhibit my results.