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Alexander Frederick Comment On Regulatory Notice 22-08

This is targeting retail investors and there ability to trade. We are already at a disadvantage to large investment firms as we cannot trade after hours like they can. I personally have hedged myself against a down market. This is a direct attack on my ability to time a down market and change my life. If you decide to take these measures you are making a clear statement to the American people that you do not support them.

John Watson Comment On Regulatory Notice 22-08

Inverse and leveraged securities are critical to an investor's ability to hedge portfolios and/or have an opportunity to make money in down or volatile markets, such as the one we are in right now. Without these ETFs, the only options we have for hedging are buying puts or short selling, which is infinitely more dangerous to the retail trader than owning an inverse/leveraged fund. By taking away my right to use these securities, you are limiting my investing options to long positions only, and removing my ability to protect any profits earned from those positions.