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Michael Milburn Comment On Regulatory Notice 22-08

Hi, I'm writing with concern that my ability to hedge my portfolio volatility via inverse ETFs is under consideration of being limited or taken away. My only comment is that the ability to hedge downside risk via inverse ETF is one of the few ways other than outright selling to cash that I have to reduce risk in certain environments. In a rising rate environment in particular bonds are unhelpful in this regard, so inverse ETFs provide a direct way to reduce downside risk. Please be careful with any regulation you put on my ability to protect my downside when conditions warrant.

Matthew Avery Comment On Regulatory Notice 22-08

Dear FINRA, I am a former mutual fund manager and current private investor who has utilized many types of ETFs over the years to achieve my investment strategies. I find the leveraged ETFs to be very valuable and straight-forward and do not see the need for restrictions or further regulation. In my mind, the proposed regulations would add undue burden on investors and be a waste of taxpayer money. The only type of ETF that I would restrict or require more disclosure are ETN's with their dependence on the issuer of the note.

Karen Hunt Comment On Regulatory Notice 22-08

Government should be set up so that no man has to fear another. Im not afraid of the financial instruments I buy. Im a military spouse and use my understanding of the SQQQ ticker to time my entry and exit from this instrument. Im concerned that I simply will be shut out from investing in a way that has really worked for us and supplemented my husbands shockingly low wage. Please dont allow yourselves to become gatekeepers excluding the less privileged from investing in a way that works for them.

Howard Huang Comment On Regulatory Notice 22-08

I believe I should be able to choose the public investments that are right for me. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me.