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Jerrold Crawford Comment On Regulatory Notice 22-08

Comments: Please do not restrict my access or use of leveraged ETFs. During the 2 years of the pandemic when no one in the family had work, trading leveraged ETFs constituted the main source of income to sustain the family. They may be 'complex products' but the ETF company manages the products, not the investor. As long as the risks are understood and investments are closely monitored the complexity of the instruments are someone else's responsibility. During my 15 years of usage of leveraged ETF instruments there has never been the slightest whiff of misfeasance or malfeasance.

Rayan McCaulay-Herzog Comment On Regulatory Notice 22-08

For some of us who are young and do not have the financial means to invest meaningfully in the stock market, it is imperative to have access to leverage to smooth out the amount of investable assets throughout our lifetime. If, for example, a recession were to occur shortly before my retirement, when my earnings potential is highest and I likely have the most amount of money invested, I would be very grateful to have used leverage at the beginning of my career to compensate for the little amount of funds I currently have available to me.