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2018058614301 Richard Matthew Brendza CRD 1703194 AWC va (2022-1654215606427).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2018058614301 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Richard Matthew Brendza (Respondent) General Securities Representative CRD No. 1703194 Pursuant to FINRA Rule 9216, Respondent Richard Matthew Brendza submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Taljit Sandhu Comment On Regulatory Notice 22-08

Comments: I strongly feel that the proposal to limit access to Inverse and leveraged ETFs is ill advised. The investors (like me) who understand how these ETFs work and understand the risk, should be allowed to invest and benefit. Personally I review my investments on daily basis. The risk of investing in certain volatile individual stocks is lot more than investing Inverse and leveraged ETFs. The risk is even more in investing in Options. FINRA should put more effort in education of investors in these instruments. As far as complexity is concerned, option investing is lot more complex.

Michael Hudachek Comment On Regulatory Notice 22-08

Comments: I am a long time investor of L&I products. For 20 years I have used these products to successfully grow my portfolio. In 2008, after having done extensive research on the impending undermining of off balance sheet investments done by banks with mortgage securities, I successfully grew my portfolio, in spite of the professional advice given by traditional brokers. I specifically used an inverse, leveraged etf to do this.

Greg Pliler Comment On Regulatory Notice 22-08

My primary concern with this notice is the following statement: "whether the current regulatory framework, which was adopted at a time when the majority of individuals accessed financial products through financial professionals, rather than through self-directed platforms, is appropriately tailored to address current concerns raised by complex products and options." The concern is that this will inhibit those of us that have the ability to research and understand the complexity of these investment opportunities and instead create barriers to retail investor wealth - 1) through the ability t