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Charles Tilly Comment On Regulatory Notice 22-08

Regulators, please stop imposing more restrictions in an attempt to stop a very small minority of irresponsible investors that ruin it for the rest of us. Do place restrictions on leveraged and/or inverse funds. I trade with these investments vehicles on a somewhat regular basis and they are an essential component of my portfolio. Why punish me for the incompetence and laziness of investors that made ill-informed decisions? These instruments/funds are safe and should not be regulated or worse, restricted to only elite firms.

Josh Horn Comment On Regulatory Notice 22-08

I strongly support FINRA's mission to protect investors from ensuring an open, honest, and fair securities market, a key piece of which is striving to align investor needs and goals with product choice. It is probably or even likely that "complex" products are not appropriate for most investors, and to that end these products are broadly not used by most investors. Few defined contribution plans include such products, both due to the higher cost and unsuitability for many investors.