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Felipe Garay Comment On Regulatory Notice 22-08

I believe FINRA's proposed limits try to address a problem that does not exist. Retail investors should have the freedom to decide what to do with their money and Direxion does a great job with several resources in their website to inform us about the risks of leverage investments.

I understand well what the risks are of investing in leveraged ETFs and they have made me a better investor.

Also, my broker, Robinhood, provides warnings about leveraged ETFs each time I try to buy or sell the stock with big yellow characters.

Ryan Henderson Comment On Regulatory Notice 22-08

Investors take risks of all types based on their own assessments. Regulators have no business deciding how this assessment should be carried out since it's a personal decision. Only the investor can make this decision based on their own knowledge and wisdom of market behavior and how each investment tool functions. This is another step to limiting investment options for the little guy while giving an edge to the major investment firms who do not need to pass the same tests due to their high account balances.