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Gregory Souran Comment On Regulatory Notice 22-08

IT'S UNFAIR TO NOT ALLOW US TO TRADE/INVEST IN LEVERAGED ETF'S WHEN YOU HAVE GIVEN EVERY DISCLOSURE KNOWN TO MAN IN AN ATTEMPT TO PROTECT INVESTORS. IF YOU'VE GIVEN DISCLOSURES OF RISK AND I HAVE HALF A BRAIN IN MY HEAD I SHOULD BE ABLE TO DO WITH MY MONEY WHAT I WISH. THE AMOUNT OF REGULATION HAS BECOME ABSOLUTELY RIDICULOUS AND ANNOYING, ESPECIALLY FOR PEOPLE WHO HAVE BEEN THROUGH SEVERAL CRASHES AND BULL MARKETSS OVER ALMOST 40 YEARS AS I HAVE. INVERSE FUNDS ARE THE ONLY WAY TO PROTECT INVESTORS. DON'T LIMIT THE AVAILABILITY.

Gil Morales Comment On Regulatory Notice 22-08

Leveraged ETFs and inverse ETFs give individual investors reliable tools with which to hedge against market downturns. The leverage on the short side for inverse ETFs allows them to hold a smaller position against existing longer-term holdings as a hedge in the same manner that professionals use futures to achieve the same goal. On the long side, they allow investors to participate in market upside, e.g., bull markets, in a manner that avoid headline risk with individual stocks.