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Al Fillenwarth Comment On Regulatory Notice 22-08

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. There are certain times when inverse mutual funds work well in my portfolio. Not having availability to these types of investments would force me to use futures to achieve my goals and protect my portfolio in turbulent times. We all know that futures are a much riskier investment than inverse mutual funds.

Joanna Clinton Comment On Regulatory Notice 22-08

I oppose any restrictions to my right to invest in public securities like leveraged and inverse funds. As a private citizen I, not a regulator, should be able to choose the public investments that are right for me and my family. I don't feel I should have to go through any special process like passing a test before I can invest in leveraged and inverse funds. I did the homework BEFORE investing in these public securities and understand the risk involved with leveraged and inverse funds.

Patrick Armocida Comment On Regulatory Notice 22-08

Rule should not be passed. In a capitalist market i should be free to choose my own legal investments. A regulator doesn't need to tell me which ones are right for me or which ones are risky. Put some responsibility back on the investor. I should not have to go through any special process to get approval. I use the inverse funds as a hedging strategy and important to my investment goals.