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Maxime Dubreucq Comment On Regulatory Notice 22-08

Leveraged index are important for private investors like me. I have a high risk tolerance but don't have the time to manage puts and call on a daily basis. This is why leveraged funds like TQQQ and SQQQ are products that I use frequently. I understand why regulations try to limit what inexperienced private investors can have access to. Investor who leverage themselves above their risk tolerance and loose their stakes or their life savings are responsible for their incompetence.

Lloyd Siverts Comment On Regulatory Notice 22-08

I have used leveraged and inverse funds many times as I grow my holdings, I don't want my ability to use these types of funds restricted. Please do not add another layer of regulation to the use of these funds. I would not be opposed to a better level of education of the risk of these funds, perhaps included in a simple and basic explanation for rookie investors to better understand the risks involved.

Michael Lippman Comment On Regulatory Notice 22-08

It is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities. It upends Our Regulatory System: Under the long-standing disclosure-based system, investors have the right to decide which public equities, bonds and funds they want to buy. The FINRA plan upends that principle, giving regulatorsnot youthe power to decide what public securities you can and cannot invest in.