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Steven Sears Comment On Regulatory Notice 22-08

It is not the place of any government agency to tell me what I can invest in. This is a major overreach into my financial freedom. I fully understand the products that I invest in & do not need to prove my knowledge. Leveraged & inverse funds are extremely important to my investment objectives. These funds allow me to use less of my capital. This is important for the rest of my capital can be saved for future use. In addition these funds make it possible to prosper in any market environment. It should be up to the individual investor to know what these products are.

Randy O'Dell Comment On Regulatory Notice 22-08

I don't believe that regulators should prevent the public and individual investors from having access to investment opportunities that are made available only for the privileged or professional. You can never adequately prevent the risks that investment inevitably has connected with it. To attempt to do so only continues a policy of giving some, shall we say 'elite' investors the right to leveraged gains but not others. We don't need a Nanny we need a level playing field that is regulated to ensure fairness for ALL.

David Gilon Comment On Regulatory Notice 22-08

Taking away investor rights to risk management assets like leveraged and inverse funds is robbing investors of income and simple tools which can only be emulated with complex options transactions if at all. Such regulation Hurts Investors: It could potentially deny us the freedom to choose investments that could help us achieve long-term financial security. Is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities.