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Raymond T Piper Comment On Regulatory Notice 22-08

Finra, thanks for giving us a way to input our thoughts on 22-08. Leveraged etfs offer the retail investor opportunities to take positions, both long and short, that in the past were only available to large asset managers. While warning labels are justified, we should be able to make up our own decisions on when and if to use leverage and or inverse etfs. Taking a monetary loss on a losing trade is all the education a retail investor needs.

Keith Vierbicky Comment On Regulatory Notice 22-08

Dear Regulators, I've been investing for over 20 years. I've used inverse funds in my IRAs when the market was pulling back because I'm not allowed to sell short in those accounts. I've used leveraged funds to increase the opportunity to make good profits at times. To limit me from doing either of these two investment vehicles hampers my ability to compete fairly. That's why I'm against the restrictions you oppose.

William Dixon Comment On Regulatory Notice 22-08

As an investor I want and deserve the freedom to make my own choices about assets in which I invest. The SEC should not be taking on the role of "big brother" to oversee and perhaps overrule the decisions of millions of investors. Many of the decisions that all Americans make carry risks even greater than our investments. For example, the person we choose to marry or our career choices, even where we choose to live. As Americans we enjoy freedom to make choices and mistakes and to live with the consequences. What rule number S720 415 proposes to do is to deprive us of that very freedom.