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Ben Moyers Comment On Regulatory Notice 22-08

As an individual investor who started with very little and has put countless hours into learning the markets to be successful, Im completely outraged at the the thought of another government regulatory entity over-stepping their bounds in an attempt to protect me from risk. The money I invest comes from my employment wages, so there is careful calculation and consideration put into each position I enter in to. I have been trading leveraged and inverse funds for many years and have done so successfully without the need for passing tests or proving knowledge and/or skills to a brokerage.

Jason Brown Comment On Regulatory Notice 22-08

Comments: inverse ETFs: investors with small accounts and limited knowledge or no access to options have no way to hedge their position without inverse ETFs. Putting small retail at that kind of disadvantage exposes them to more risk and potential losses. It forces them into trying to time getting out of the market, and/or taking gains in the short term bracket instead of holding and hedging and taking profits in the long term brackets. For leveraged ETFs: some of the above applies for hedging, with lower capital.