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Thomas Rayar Comment On Regulatory Notice 22-08

The investor not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.
Investor like me shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am
capable of understanding leveraged and inverse funds
and their risks. I do not need these measures imposed on me.

Bill Nicoloff Comment On Regulatory Notice 22-08

The adoption of limiting my ability to trade leveraged ETF's such as provided by Proshares will drive me to find a brokerage that does not belong to FIRNA. Alternatively it will result in my removal of all funds from FIRNA regulated brokerages. I can't say with enough weight this effort to limit my investing options to increase the brokerage profit has severely degraded my trust in FIRNA regulated brokerages. Placing restrictions based on some TBD suitability test degrades my trust even more.

Ronald Dippold Comment On Regulatory Notice 22-08

I have a strong understanding of Leveraged and Inverse ETFs: Three keys to ongoing successful use: Short term trades only Position appropriately sized. Continuous monitoring of position. My contention is we do not need additional government regulation / guidance as it relates to these products. I do not have any financial interest other than being able to use these products as I consider appropriate in managing our investments.