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Chun Pat Comment On Regulatory Notice 22-08

I am strongly opposed any additional regulations to leveraged and inverse securities. All investments have an element of risk; by requiring a list of pre-requisites to trading these securities, you decrease the investor base with access which could add to increased volatility as well as making the acquisition and disposition of said securities much more difficult. Additionally, further regulations would limit the pool of investors by a yet undetermined threshold, endangering currently held positions and carefully crafted investment plans.

Scott Neal Comment On Regulatory Notice 22-08

To whom it may concern:

I am appalled that FINRA would attempt to place additional roadblocks and restrictions on leveraged and inverse Exchange Traded Funds. These are very valuable tools that have enabled me to make money in almost any environment for several years. The ability to hedge nearly any market without selling something short is a tremendous advantage. Leverage is a very useful tool when used in moderation.