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J Chimni Comment On Regulatory Notice 22-08

You guys should not classify Retail Investors as a naïve person. Nowadays, Retail Investors have access to information to self-educate themselves on risks of trading leverage products (eg: Google Search, Reddit, Boggle heads and list goes on). I personally hold TQQQ for more than 2 years and will continue to do so as it continues to provide outsized return relative to underlying index. The examples quoted (2008-2009 timeframe) in the notice are cherry-picked to lay a negative shade on these products, one can pick a different date range to argue the other way.

Kendon Brown Comment On Regulatory Notice 22-08

The general public is already warned enough on leveraged ETFs that there is no reason for additional regulations and warnings for individual retail investors. They should be able to risk their hard earned money in ways they see fit for themselves. Individuals should have a right to use financial products they see fit to use in order to achieve their short term financial goals. Adding additional regulation will only hinder, not help, individual achieve their goals. I urge Finra to keep the status quo on leveraged ETFs.