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Andrew McDill Comment On Regulatory Notice 22-08

I am writing today to express my view that investors, not regulators, should be able to determine the appropriate investments for their accounts. In particular, leveraged and inverse ETF funds should be acceptable investments for all investors. I have used these types of funds personally to help hedge my portfolio and feel that they have provided me with some great alternatives to traditional hedging using equity and index options that many investors do not understand appropriately.