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Bill Gray Comment On Regulatory Notice 22-08

I'm very disturbed that FINRA is considering regulations to limit my investment in leveraged and inverse funds. I respectfully submit that I should continue to have the right to choose my investments.

The market has been on a downtrend since early November 2021 and without the inverse ETFs, I would be unable to continue to generate income sufficient to support my retirement. I understand the risks and potential profits with both inverse and leveraged ETFs and I would be devastated to lose these investment tools.

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.