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Paul Sutton Comment On Regulatory Notice 22-08

Comments: I've been using leveraged ETFs for many years and am well aware of the added risk. My experience is that the risk of the leveraged vehicle is not much different than investing in individual stocks. It is easy find examples of stocks that are far more volatile than the leveraged product. For example, a two year chart of ROKU with TECL would show that the leveraged ETF was a much better choice. A two year chart with NVDA shows a similar return with the the leveraged product (150%). The advantage of the ETF of course is that there is greater diversification.

Paul Foster Comment On Regulatory Notice 22-08

Comments: My broker already gives proper warning and reviews request to access these types of trades. Retail, new, and small investors are already at a disadvantage in todays market that allows high net worth entities access to trading outside regular market hours and through AI driven trades that give them a leg up when new information is presented to the public. Adding more restrictions or limitations will further drive the wealth gap and will not benefit anyone but those already with the upper hand.