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Patrick Dailey Comment On Regulatory Notice 22-08

Comments: As an RIA and CFP Professional with over two decades experience I can tell you that retail investors are far more experienced, savvy and informed than when I started in the business. Teenagers invest through their phones, something I never dreamed of at their age. The disclosure and consumer warnings required by leveraged products providers more than addresses the risks involved in trading their products.

Johann Redd Comment On Regulatory Notice 22-08

As an institutional and self-taught individual investor, I have utilized leveraged and inverse funds successfully for twenty-five years. I believe them to be a valuable strategic/tactical portfolio option. While I agree that knowledge of these complex products is imperative, the ability and willingness to self-educate or receive training is too readily available to require an onerous process to qualify. With such an approach, I may not have had access for years before I began working with brokers.

Peter Quattrociocchi Comment On Regulatory Notice 22-08

Dear Sirs: Please DO NOT make ETF investments more expensive or more difficult. Leveraged ETFs are the corner stone of my, in retirement, investment strategy. Leveraged ETFs provide an index for specific sectors that i havent been able to find anywhere else. The premiums on options for leveraged ETFs are also beneficial. I dont understand why you are planning a disruption of a beneficial investment, perhaps a little restraint is in order.