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Paul Hamilton Comment On Regulatory Notice 22-08

Comments:IF it ins't broke don't fix it. I am 77 and invest solely in inverse leveraged ETFS. What are the alternatives? Puts where I can lose all my money in a matter of hours or a short sale where I face unlimited losses?If I can't invest in inverse leveraged ETFS, then no one should and you can just make them extinct. My guess is Wall Street has a poor record of recommendations for inverse ETFS. Maybe you should bar them as well? Don't you have something more important to do with your time? PRH

Brandon Levesque Comment On Regulatory Notice 22-08

Individual investors do NOT need additional protections on complex products. Brokers offer sufficient warnings on these products. Additionally, FINRA and the SEC provide educational resources for individual investors regarding complex products. It is the responsibility of individual investors to educate themselves and manage risk appropriately. FINRA can't protect an individual investor who refuses to read a prospectus and consider existing broker warnings. Please do NOT add restrictions on complex products. Thank you.

Marshall James Fox Comment On Regulatory Notice 22-08

I have been investing since 1969. During that time, I have made many mistakes, some quite costly, but from each of them, I’ve learned something. I’ve never learned anything by being right. If regulation such as you are now proposing had been in effect then, I would have been prohibited from making the choices that taught me to be a better investor. People are not protected by this kind of paternalistic regulation. Rather, growth and learning opportunities are denied them.