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Richard Howe Comment On Regulatory Notice 22-08

I, not regulators, should be able to choose the public investments that are right for me and my family. Public investments should be available to all the public, not just the privileged. I am capable of understanding leveraged and inverse funds and their risks. Leveraged and inverse funds are important to my investment strategies. I cannot buy puts in all my investment accounts. Inverse funds are the only way for me to play the downside in the market, without them I would have to go to cash and sit and wait for the market to turn back up.

Tom Silva Comment On Regulatory Notice 22-08

I have been an individual investor for a long time and I use leveraged and inverse funds periodically, many times for hedges on my holdings. I do not see why regulators need to tell anyone how to invest, and they do not need to be in the business of protecting people from themselves. The prospectus clearly explains the risks involved in these funds. I should not have to pass a test to show my intelligence on this subject. If this is the case why not have people show their intelligence on investing in general? Why not impose these restrictions on options trading?