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Steve Ackelson Comment On Regulatory Notice 22-08

Comments:I believe that between the investment risk disclosures from my broker (Schwab) and my full understanding of the necessary monitoring of my accounts on a regular basis relative to these riskier types of investment/trading instruments it should be left up to the individual investor as to whether they feel adequately educated to fully understand what these instruments entail. I don't believe changes or further restrictions to investing in these instruments are necessary and would hate to see an individual investors decision making be impaired or restricted in any way.

Matthew Speed Comment On Regulatory Notice 22-08

I am generally of the opinion that leveraged ETFs, like Options, are not appropriate for most investors. While I would support these being available in accounts marked "Aggressive Growth" or "Trading" for account objective, their inclusion in retirement account like IRAs should be restricted due to the extreme potential for volatility. I am also of the opinion that these should not be something an advisor can solicit but instead should be a client directed investment.

Christopher Anderson Comment On Regulatory Notice 22-08

Comments: Please continue to allow me access to these products such as inverse EFT's. The companies providing them have given adequate information, and I further can look up information if needed. I understand they have additional risk, however I would like to take that risk for myself and should have to right to do so. Having these products to chose from helps me to balance my portfolio to the needs I want. I understand they are for short term trades and monitor them accordingly.