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Thomas Day Comment On Regulatory Notice 22-08

Hello, I was saddened to hear the news of regulations that are being considered. I understand where for the concern about protecting individual investors by restricting these assets from being sold. However, I would like to bring up two things that I think are overlooked - 1. The internet 2. Technology The internet now allows investors to easily gather information about these products and become aware on the risks. There is an abundance of information about all these assets that individuals have easy access to obtaining.

Arnaud Ajamian Comment On Regulatory Notice 22-08

It is my belief that any individual should retain the right to make investments as he/she sees fit without the imposition of restrictions if they deem a particular investment to be in their best interest. With particular regard towards leveraged and inverse funds, such an investment helps to create a balanced investment strategy that allows for individuals to hedge their investments. Ample information is made available to understand how such investment vehicles operate and the risks that they entail.

Dr. Gallelli Comment On Regulatory Notice 22-08

It is the responsibility of the investor, not the regulators to evaluate market risk. Predetermining these risk and who is qualified to take such risk is a slippery slope. Shall we regulate risk for public companies with historically high PE ratios? it is the investors responsibility to way risk and loss. Investors are not children, they need to take responsibility to for their actions. The regulation of or restriction of trading a public asset will not negate irresponsibility, it will just allow for such irresponsibility to occur under a different context or asset.