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Gerald Klappert Comment On Regulatory Notice 22-08

I don't agree with limiting investors choices in regards to which funds can be invested in, especially in regards to inverse market funds. It's my understanding you intend to enact measures to restrict investors rights to invest in these types of funds if the investors don't meet certain criteria. I believe strongly that investors should be allowed to make their own choices. I don't believe that it is the right thing to do to restrict access to these funds.

Basil Pelensky Comment On Regulatory Notice 22-08

Please do not be condescending or ignorant about unnecessary regulations. Leveraged etf's are a safe and effective way to hedge wealth and/or create investment profits. Leveraged and inverse funds are essential to manage down markets and as a mature investor I do not need Finra guidance on what to do with my money. In my view this maybe a play to limit downside momentum in the stock market and if true is heavy handed and producing very minimal results. Essentially, smaller investors need a way to hedge portfolios aside from just parking funds in cash to avoid downside risk.

Kazuyuki Nakayama Comment On Regulatory Notice 22-08

As long as you have a margin account, leveraged and inverse funds don't matter because you can use margin leverage and short the funds. The leveraged and inverse funds are much safer to manage the risk rather than using margin because unlike leveraged margin positions, the leveraged and inverse funds never go negative price. In that sense, the leveraged and inverse funds are actually safer than margin.

Hahns Copeland Comment On Regulatory Notice 22-08

I not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. Leveraged and inverse funds are important to my investment strategies. I use leverage and inverse funds to help hedge my investments and seek enhanced returns, and I use them as a limited part of my overall portfolio.