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Vladimir Sushkov Comment On Regulatory Notice 22-08

As an investor I oppose restrictions on usage of publicly traded leveraged and inverse ETFs. I use them in limited quantities when I see an opportunity to boost my returns in the short term. I do understand the heightened risks these instruments carry, and I take full responsibility for possible losses that I may incur when using these types of ETFs. Leveraged and inverse ETFs are important tools in my investment strategies and I do not feel like I need any additional regulations for those.

Stephen Kiely Comment On Regulatory Notice 22-08

I am a retiree living on the income from my investments. Federal Reserve policy has all but stripped me of the ability to invest simply (bonds) to achieve reasonable returns to cover my living expenses. I rely on leverage in equity funds to make the returns I need. I'm required to be more sophisticated as an investor because of federal policy that ignores my needs coupled with predatory taxation. We DON'T NEED FURTHER BURDEN ON RETIREE INVESTORS.