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William Sprawls Comment On Regulatory Notice 22-08

I think people should have the right to choose their financial destiny. I have made significant profits using options and actually ran into more issues with imposed regulations and stockbroker policies. There are plenty of tools out there to learn about options. I do understand placing monetary limits on certain types of trading to avoid massive defaults but these should be allowed. Also, you could reduce some of the risks by changing the settlement and timing rules.

Charles Watson Comment On Regulatory Notice 22-08

I am very much opposed to any limits or restrictions on an individual investor's ability to purchase non-leveraged inverse ETFs. These securities allow individual investors to hedge during periods when traditional markets are experiencing negative returns. For example, during the first four months of 2022 SPY was down (12.99)%, but SH had a positive return of 12.85% Likewise, IEF had a negative return of (10.33)%, but TBX was up 10.71%. Like all investments, inverse ETFs involve risks, but they enable small investors to mitigate overall market risk.