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Stephen Page Comment On Regulatory Notice 22-08

All investing or trading is an educated guess, it is all still making a bet on what stock, commodity or the market will do. If we were in Las Vegas it would be educated gambling. I have personally had JDST, JNUG, DUST and NUGT in my portfolio. I and others I know trade these types of investments, some doing it as day traders for at least the last 5 years. When the next recession hits, it would be very nice to be in an inverse fund.

David Simpson Comment On Regulatory Notice 22-08

I have heard that FINRA is seeking to put restrictions on investors, particularly individual investors, from buying into inverse funds or leveraged funds. I am an individual investor and having been using leveraged and inverse funds for more than 10 years. I am quite capable of doing my own research and understanding the risks. In the current market environment using these types of funds is a good alternative for small investors. Hedge funds and large investment companies have access to many different vehicles for hedging their portfolios but individual investors have few options.

Stuart Morgan Comment On Regulatory Notice 22-08

I Oppose Restrictions To My Right to Invest in Complex Products, including Leveraged and Inverse funds! Any attempt to impose restrictions on the individuals right to buy these trading instruments gives the large trading firms an unfair advantage and makes the market unfair to us. Large firms have resources to use trading programs and other trading tools which individual investors do not have. Leveraged and Inverse funds help to even the trading environment for that reason. I should have the right to choose the investment vehicles for my best use, and not the government or regulators.