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Michael Horbowy Comment On Regulatory Notice 22-08

The last thing investors need is more bureaucracy between us and our desired investments. Publicly traded investments and brokerages already provide substantial disclosures and education for those looking to improve their investment returns. No one stumbles upon inverse, leveraged, or other specialty ETFs or other trading vehicles. We have identified a specific need or opportunity, and seek out investment vehicles aligned with our investment goals and risk tolerance.

Brian Goebel Comment On Regulatory Notice 22-08

I am appalled at the regulatory overreach being proposed here attempting to limit the ability of regular people like myself from investing in funds how I choose to and at the risk level I choose and am comfortable with. Investors like myself understand that funds, ETF's, leveraged or not contain risk and I do not need some ghost agency behind the curtain trying to make my decisions for me.

Ian Ehrenreich Comment On Regulatory Notice 22-08

Bitcoin is now a standard, conventional asset class, along with stocks, bonds, and precious metals. US citizens should be able to freely invest in bitcoin and bitcoin-tracking funds if they wish. Citizens benefit from having a greater diversity of investment options, including bitcoin and bitcoin-tracking funds. The reality of investing is that each person is responsible for their own investments.