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Brian Foley Comment On Regulatory Notice 22-08

My name is Brian and I am a retail investor. I do not have a background in finance or economics and I do not have any SEC certifications. I have 3 trading accounts; a joint brokerage, an individual brokerage and an IRA. The combined balance of these accounts is about $300K. I am in my 40s and no longer hold my corporate job. I am self-employed and chose to invest my own retirement and cash/margin funds. I exclusively trade in Leveraged & Inversed ETFs/ETNs and have been doing so for several years. I UNDERSTAND THE RISKS.

Robert Stickles Comment On Regulatory Notice 22-08

It is simply un-American and wrong to restrict access to certain investment vehicles simply because FINRA has generalized that the average retail investor is incapable of comprehending the products in which they invest in. From someone who has been studying leveraged funds for years now, please do not do this. One could argue that investing in small biotech stocks or "Bottom Fishing" stocks is riskier than some of these funds. But does that mean we should be restricted from doing it? Of course not. Add more disclosures, make people attend a class once, but please do not do this.

James Paige Comment On Regulatory Notice 22-08

Everyone should have the same opportunity to invest and better themselves. It should not be controlled by a few. The market used to closed for a long time to the average investor and when it opened it made things more transparent. I think this is what is happening here. They are trying to close the market to the individual retail investor and make it exclusive again. This might be a result of the Reddit groups who turned the tables on the institutional investors and created hugh losses for the institutional investors. Instead of more exclusivity we need more transparentcy in the market.