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Kevin Lee Comment On Regulatory Notice 22-08

I have just been made aware of FINRA's proposal to limit investing in certain securities by the general public. I understand the concern that uninformed investors could be harmed financially by making ill-informed decisions on these trades. I myself went through something of a learning curve, and lost a bit at first. I also never invested more than I could afford to lose, either on inverse funds or more traditional investments. This should be the guideline for retail investors. Any investment can go bad, not just inverse and leveraged funds.

Daniel Kessler Comment On Regulatory Notice 22-08

I am an individual trader with speculative positions in leveraged, reverse, index ETF's, which were established and are maintained through my retail brokerage account. I am extremely concerned about your proposed new regulations that would require brokers to qualify investors before allowing them to trade these instruments. I was well aware of the risks associated with trades of this type before I entered them, but if I am now to be denied the freedom to make my own strategic decisions, then my risk of loss rises substantially.