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Ernest Downes Comment On Regulatory Notice 22-08

FINRA regulators: Please do not add additional regulation to leveraged and inverse funds as proposed in rule #S7-24-15: Why? 1. These are ALREADY public products APPROVED by the SEC and INCLUDE clear risk warnings. Why impose higher hurdles that would PRECLUDE my ability to use these products. I am specifically concerned about the condition to demonstrate high net worth as I am a small investor. 2. As a small investor, I use these products to HEDGE and protect my position during bear markets or during periods of high volatility.

Raymond T Piper Comment On Regulatory Notice 22-08

Finra, thanks for giving us a way to input our thoughts on 22-08. Leveraged etfs offer the retail investor opportunities to take positions, both long and short, that in the past were only available to large asset managers. While warning labels are justified, we should be able to make up our own decisions on when and if to use leverage and or inverse etfs. Taking a monetary loss on a losing trade is all the education a retail investor needs.

Keith Vierbicky Comment On Regulatory Notice 22-08

Dear Regulators, I've been investing for over 20 years. I've used inverse funds in my IRAs when the market was pulling back because I'm not allowed to sell short in those accounts. I've used leveraged funds to increase the opportunity to make good profits at times. To limit me from doing either of these two investment vehicles hampers my ability to compete fairly. That's why I'm against the restrictions you oppose.