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Patrick Willis Comment On Regulatory Notice 22-08

I need to be able to buy or sell leveraged and inverse funds. It is a great way of preserving my capital investments during wild market swings. For instance, VIX Market Volatility Index is tracked by several different funds and helped me preserve the capital in my IRA during the latest increase from 4/20/22-5/06/22, offsetting my stock and ETF losses during that time. I was then able to reinvest that money from the sale of my inverse funds back into my stocks and ETF portfolio.

Jeffrey Pawlak Comment On Regulatory Notice 22-08

I use several brokerage providers. TD Ameritrade, M1 finance, and Robinhood all already provide bold warnings and specific information to guide/educate investors regarding Triple Leveraged or Inverse ETFs.

Brokerages have already/currently provide the critical information for retail investors to make effective trading decisions with these investment vehicles.

I strongly opposed limiting retail access to leveraged/inverse investments

Eric Werth Comment On Regulatory Notice 22-08

Free markets are the hallmark of a free society. However, freedom is not a privilege of the few or those with a series 62. It is the right of all to invest in those instruments that meet their financial needs including the ability to hedge. Leverage and hedging provide me a way of allocating capital, managing tax burdens, and stabilizing returns. As a data scientist with an MBA in finance, I am well versed in the financial markets and do not need oversight.