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James Martin Comment On Regulatory Notice 22-08

I do not believe testing investors' knowledge of complex products as a prerequisite to their purchase is an effective way to protect those investors. Test answers could be obtained from the internet without the investor actually retaining the knowledge effectively. Additionally, a lack of understanding of a particular subset of complex products should not be reason to deny the purchase of a different type of complex product of which the investor does possess a strong understanding.

Jennifer Assmann Comment On Regulatory Notice 22-08

Why does the government get to decide how I want to make investments? I don't get to decide how you spend my tax dollars so the government should stay out of my investments. If I choose to gamble my money in investing, it is no different than going to a casino--I chose it and it is then mine to lose or gain. If I put my money somewhere and I lose, it is my own fault. Investing should be available to everyone, not just the elite.

Michael Horbowy Comment On Regulatory Notice 22-08

The last thing investors need is more bureaucracy between us and our desired investments. Publicly traded investments and brokerages already provide substantial disclosures and education for those looking to improve their investment returns. No one stumbles upon inverse, leveraged, or other specialty ETFs or other trading vehicles. We have identified a specific need or opportunity, and seek out investment vehicles aligned with our investment goals and risk tolerance.