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Frank Benson Comment On Regulatory Notice 22-08

We need action on this to protect us the investing public! We not regulators should be able to choose an investment on what is right for our future and family. Public investments should be available to all of the public, not just the privileged. If I am a knowledgeable investor, I should be able to invest without restrictions. This is another area where the government should be trying to take action to protect themselves!

Charles Engelberg Comment On Regulatory Notice 22-08

Dear Sirs and Madams: As a former managing director of a broker dealer I can tell you with certainty that regulations for leveraged and inverse ETFs are long past due. Although I have over 45 years of investment experience I was also ill informed about their characteristics and basically lost all of the money in my IRA which I luckily could afford. Now that I understand them I am profiting handsomely by shorting them. In no instances should they be allowed in retirement accounts. They are basically only suitable for day and computer training.

Michael Basso Comment On Regulatory Notice 22-08

I oppose restrictions to limit my right to invest in leveraged or Inverse funds. I should be the one to decide if I use these funds and not the regulators. Leverage and Inverse funds are very important part of my Portfolio strategy and by limiting them will adversely affect my investment options. I have used both leveraged and Inverse funds for many years and understand their usage.