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Nicholas Ray Comment On Regulatory Notice 22-08

Comments: Limiting access to leveraged and inverse ETF's does not fit into the framework of "free and open markets". Most investors who use these ETF's have a sophisticated understanding of equity and fixed income investing and use these instruments as part of their comprehensive investment strategy. These types of ETF's are great tools for investors. Limiting access will push investors into investment instruments that may actually carry MORE risk such as futures contracts and options. Limiting the availability of leveraged and inverse ETF's is a bad idea.

Wayne Korsberg Comment On Regulatory Notice 22-08

Comments: To whom it may concern: I am writing to provide input concerning the issue of FINRA proposed rules to limit access to leveraged and inverse ETFs and "complex products". I use leveraged and inverse ETFs regularly as a hedge against market volatility. This has been a very valuable and successful tool for me. I fully understand that uneducated investors may use them incorrectly and experience adverse results. So I absolutely agree that they need to be cautioned. My brokerage is Fidelity.

Dmitry Gromov Comment On Regulatory Notice 22-08

Comments: Over the years there has been enough said about the features and risks of the leveraged instruments like 3x ETFs. Brokerages also issue pop-up warnings on the risks and margin requirements as we enter a trade. I am strongly in favor of *not* changing the current rules for these leveraged instruments. Doing so would reduce the investment/trading options for hundreds of thousands retail investors as well as reduce the liquidity needed for these to function smoothly.

Jason Hurst Comment On Regulatory Notice 22-08

Yes i understand the risk of the fund, and i am happy to invest, it is very directly, the fund is using leveage, in a nut shell borrowing money to invest more, and is mananged to pay the cost of the loan and to also provide extra growth. It is a good system, and their needs to be more funds like this. In fact many Real Estate investments work on the same concept. Leverage, the 8th wonder of the world. I like this fund and I am happy i invested and had this opportunity, thank you Jason Hurst

Joseph Teti Comment On Regulatory Notice 22-08

As a registered representative, financial advisor and personal investor I would sincerely hope that I am never prohibited from using these funds in the future. If you want to ad investor education and or disclosures, so be it. But please do NOT reduce the availability of such products. As a rule of thumb, my firm does not permit the solicitation of these vehicles in my position. As for my own account, I love the idea using these vehicle so to reduce risk. If I want to have $90k of exposure the tech index, I can take $30k and purchase TQQQ.