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Balwinder Grewal Comment On Regulatory Notice 22-08

Hi, I have following comments/concerns regarding the investment choices for individuals: I should be able to choose the public investments that are right for me and my family. 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 I can invest in public securities, like leveraged and inverse funds. I have been investing throughout my life and making all my financial decisions myself. I am capable of understanding leveraged and inverse funds and their risks.

John Freed Comment On Regulatory Notice 22-08

I feel strongly that I should not have to prove to anyone that I am capable of choosing my own investments. Such a restriction would prevent me from using inverse ETFs to hedge during downtrends in the market (such as we are currently experiencing) and also prevent me from taking advantage of downtrends in the market. Cooling off periods may expose me to a complete inability to protect my money if such a period coincides with a period of high market volatility. This is a serious risk to my financial stability, not a protection.

Cody Hartzog Comment On Regulatory Notice 22-08

Individuals should be able to participate in the free market in any public investments they so choose. Regulators should not be able to choose who is allowed to invest and what they are allowed to invest in, as it only benefits the privileged and the brokerages. Any regulation that limits what type of funds the common man can invest in, including leveraged or inverse funds, is not a protection of the common voter, but a protection of the institutions.