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Rafal Kuczawski Comment On Regulatory Notice 22-08

I should be able to chose the public investments that are right for me and my family. Public investments should be available to all the public, not just the privileged Leveraged and inverse funds are important to my investment strategies. I am capable of understanding leveraged and inverse funds and their risks and I do not need any passing tests before Investing in public securities like inverse funds. I use leveraged and inverse funds to protect my investments.

Stephen Sargeant Comment On Regulatory Notice 22-08

Do not move forward for limiting investors ability to directly invest of pro shares. Ive been doing it for years and found it to be very straightforward and not as complexes if some would make it sound. Do not change the rules. We will work hard to overturn any rule that you might put in place that would limit our ability to directly invest in that would cost you a lot of time and money in the future. Dont change the rules today theyre working just fine and a common American investor is benefited greatly from pro shares.