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John Sallday Comment On Regulatory Notice 22-08

Independent investors see that markets go up and markets go down and need to have the ability to invest in inverse funds without the cost of expensive advisors and with the same freedoms as large institutions. We do not need the nanny state protecting us from our own assessment of risk. This is a basic freedom versus big-state control issue. I am capable of understanding leveraged and inverse funds and risks. Please stop this proposed rule.

Richard Cuesta Comment On Regulatory Notice 22-08

During my 40 year working career while saving for retirement, I educated and positioned myself to competently manage a retirement portfolio. I am fiscally conservative and understand the risks associated with using the myriad the investment products currently available. Besides a variety of indexed ETFs, I have come to rely on the judicious use of inverse and/or leveraged funds, commodity, and other specialty funds. The availability of these products make it possible to mitigate the volatile nature of the markets.