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Binaya Mishra Comment On Regulatory Notice 22-08

Comments: 1. I agree that while allowing investors to trade Options, they need to understand the product well. This can be ensured by (a) looking at their qualifications and /or experience in Finance; (b) if (a) is not satisfactory, then look at their tranck record of trading options to see if they have made 75% or even up to 90% losses; if so, they need to undergo educational guidance before they can be allowed to deal with Options. 2. Investors/consumers access to trading stock, ETFs (both leveraged and inverse) and options are valuable for them.

Erik Reppen Comment On Regulatory Notice 22-08

If FINRA and all other market regulatory agencies are going to start focusing more attention on keeping retail from burning themselves when they appear powerless to do the same for MMs, prime brokers, reckless hedge funds, and conglomerates that have against all common sense and reason been allowed to become all of these things under the same umbrella with apparently no oversight, not to mention the DTCC itself asleep on the job as unbalanced synthetics accumulate to the point that stocks are getting shorted beyond 200%, then it's imperative we at least be allowed to hedge, without interfer