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Richard Ell Comment On Regulatory Notice 22-08

Does FINRA only wish to cater to the "RICH CATS" of Wall Street? ETFs are a Godsend to smaller investors, WHOM can NOT open $1 Million + accounts with Goldman Sachs, or Morgan Stanley....and get special privileges (edges) like getting 1st dibs on new IPOs etc. NOW, inverse funds are under review so SMALL fry WILL NOT be allowed to 'short' sectors of the markets? MUST we all NOW BORROW funds from brokers if we wish to HOLD overnight (or many nights) of a SHORT interest in an ETF? We'lll ALL have to SHORT the individual stocks, represented in the ETFs???

Daniel Phillips Comment On Regulatory Notice 22-08

Hello, As a retail investor, I oppose any and all limits on what I am allowed to choose to invest in. I understand the risk of highly-leveraged and inverse ETFs and other derivatives, and I invest in them and trade them with full knowledge of what I'm getting into. I do so at my own risk and for my own self-determined reasons, and I strongly object to any limits being placed on my ability to trade or invest in them.

Sari Marks Comment On Regulatory Notice 22-08

I protest implementing any proposal to limit my trading in leveraged or inverse ETFs. I feel it is my right to invest my money wherever I feel I might get a positive return, especially during what I perceive as periods of equity or commodity ETF downturns. My only other choice during those periods would be to stay out of investments altogether and only earn inadequate interest rate returns. I do not see any intrinsic difference between purchasing a leveraged or inverse ETF and purchasing Puts and Calls, especially Puts, which are investments in downturns.

Gerard Williams 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 everyone, not just the privileged. I understand how these products work and do not need oversight from anyone or having to pass a test to invest. Leveraged and inverse funds are important to my overall strategy so I have downside protection if the market tanks. Spend your time regulating the hedge funds that actually have a much bigger impact on the market than the small investor.