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Bryce Sandberg Comment On Regulatory Notice 22-08

Leveraged and inverse funds allow me to gain exposure to leveraged and short positions without having to take on leverage myself. I use inverse ETFs to hedge my long positions and to express a bearish view on the market. QQQ is down roughly 20% YTD, but I have been able to hedge my long stock positions and profit from this decline through the PSQ, the inverse of QQQ. I do not want to take on leverage myself, but enjoy the access to these strategies that inverse ETFs allow.

Zhou Fang Comment On Regulatory Notice 22-08

I am a Ph.D. student at UT Austin, and I am doing research in quantitative finance. I believe if an investor can't freely buy any securities would be very harmful for the completeness of the financial market. Besides, the privileges that only people of high net worth could buy leveraged products can only increase the wealth gap between poor students like me and the riches. Therefore, it can't be beneficial for the whole society. I would respectively ask regulators keep the leveraged funds open for the general public, give poor people a hope.

George Noffs Comment On Regulatory Notice 22-08

Leveraged and inverse funds are a critical part of my overall investment strategy. I use them in a small percentage of my total portfolio to hedge my other positions. I have the right to make these investment decisions myself and you (the regulators) must not take this right away from me. You could instead focus your time on actually enforcing existing regulations on your friends in Wall St. hedge funds.

Anthony Hajeid Comment On Regulatory Notice 22-08

I should have the freedom and flexibility to choose the investments that are right for me and my family. Public investment should be available for any investor, not just the privileged few. I am capable of understanding leveraged and inverse funds and their risks. I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I do not need these measures imposed on me.

Tyler Davidson Comment On Regulatory Notice 22-08

I strongly oppose any rule that limits my (or others') ability to implement investment strategy, which at times includes the use of options and leveraged/inverse exchange-traded products. I believe such a rule would cause me personal financial harm. Although I have decades of experience with such products, I oppose any rule for which I must pass tests or meet any arbitrary net worth standard to use these products.