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Michael Carbo Comment On Regulatory Notice 22-08

As an Investor on TDAmeritrade I was approved an account to invest. My expectation, as a customer, is that my brokerage provide me all the tools that any investor would have access to and NOT based on my WEALTH!!! By limiting investment vehicles to users based on how much money they have is wrong and is only used to keep people from getting ahead. Saying you are protecting me from loss is [REDACTED]. You're not my parent or my money manager you're just preventing me from gaining income like the privileged wealthy. TDAmeritrade provides me with the prospectus that explains the risks.

Michael Cosgrove Comment On Regulatory Notice 22-08

Good morning, It is my understanding that there are proposed restrictions on individuals using leveraged and inverse ETFs investment instruments. My use of ETFs offer me diversity, liquidity and income. The ETFs invest in a large number of stock which spread risk. The active ones also trade millions of shares per day which offer the ability to sell shares quickly and because of their volume the spread between bid and ask is very narrow.

Adam Milligan Comment On Regulatory Notice 22-08

The decision on whether or not an inverse or leveraged product be available to an investor ought to rest solely with the investor. Any investor who would be willing to use such products is well aware of the risks and can make their own financial decisions. These are complicated products that the retail trader would not use. To be able to properly invest in financial markets requires extensive analysis and understanding of market cycles as well as understanding of central bank credit expansion and contraction.