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Nicholas Roubal Comment On Regulatory Notice 22-08

As a US citizen, I value the right to freely access the entirety of the public securities markets without arbitrary restrictions, and the freedom to access a broad range of investment products that help me build better portfolios. As information on investments is more readily available than ever before, I have become a knowledgable investor without the need for additional restrictive regulatory hurdles, and I would like to maintain my current freedom to invest in public securities of my choosing.

Michael Richardson Comment On Regulatory Notice 22-08

I not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me. Leveraged and inverse funds are important to my investment strategies.

Simon Assaad Comment On Regulatory Notice 22-08

I am a high net worth individual. I use the inverse bear index's across a number of categories to hedge my portfolio during periods of uncertainty without using complex option strategies - I have found options to be far more susceptible to losses than reverse indexs. Using options as a hedge involves two variables - the strategy and timing both need to be right. Reverse Indexs remove the need to manage the timing but provide the same optionality. I find the reverse ETF's to be an incredibly valuable tool, and I would prefer my access and ability to trade them remain unfettered.

Mark Horner Comment On Regulatory Notice 22-08

As an experienced investor and trader I strongly oppose any regulations restricting my ability to freely choose my investing / trading instruments, which include leveraged and inverse funds and etfs, which I use frequently as in important component of my overall investing strategy. I should not have to go through some special process like passing a test before I'm given "permission" to invest in these funds. I am in charge of my investing, NOT regulators.