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Taposh Chatterjee Comment On Regulatory Notice 22-08

I personally believe that investor education and knowledge is key to keeping investors safe. All investments should have risks outlined in simple language for investors to understand. However, restricting certain investment to only a select few basically increases market manipulation and puts such power in the hands of some unscrupulous operators. How many times in the history of our markets has a small investor been responsible for a market meltdown or fraud ? Please do not make another tool for the select few. Enact legislation to improve transparency, not decrease access.

William Wilson Comment On Regulatory Notice 22-08

SEC Leveraged and inverse funds are used in particular situations to hedge or enhance certain positions I may have. Rather than selling some or all of a position and causing taxes, I can use an inverse fund to protect my investments. Today, my broker provides information to ensure I have the needed information about using these funds. Please don't add increased scrutiny or requirements to use these instruments.

Justin Baker Comment On Regulatory Notice 22-08

Investments have many safeguards to prevent individuals from investing in products they don't understand. These range from a formal prospectus all the way to a (highly) informal google search (which will readily enumerate the risks involved in investing in leveraged ETFs. That information is easily accessible to anyone who might choose to invest in these products. As a result, regulating these products further takes choice away from investors who have every opportunity to ensure that they are fully informed.