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Anonymous Comment On Regulatory Notice 22-08

In regards to the Regulatory Notice 22-08.

I am a retail investor and have been using both long and short leveraged ETFs sense 2009 without issues or concerns of their operation or behavior. I use them to enhance market performance on the up side and to reduce risk when I see the market pulling back.

I would hope to continue using the funds long into the future and would be disappointed if they were to be removed from my investment options.

David Dutton Comment On Regulatory Notice 22-08

I am very distressed to learn that someone is considering to place restrictions and hurdles to overcome for my ability to trade inverse mutual funds. Following advice of my financial advisor and educating myself about the S + P 500 index/inverse index, I have been using the strategy for several years. I AM PLEASED WITH THE RESULTS. I know the risk and reward of using inverse funds. To my knowledge, every mutual fund company that offers inverse funds has VERY CLEAR, FORCEFUL warnings about using them. People do not need to be protected from themselves. This is a free country.