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Brian Erb Comment On Regulatory Notice 22-08

Although I understand to some degree the desire to prevent people from suffering considerable financial losses, I believe this is a wrong approach. Our representatives should not be using legislation to parent the general population as in the "nanny state". It is my choice to invest in riskier investments. At most, if a person interested in buying riskier investments such as leveraged E.T.F.'s, they could be required to read and agree to a statement saying that they understand that this investment is high risk and they could lose their entire investment.

Michael Moody Comment On Regulatory Notice 22-08

The proposed regulations are, quite frankly, stupid. Leverage is easy to understand, and while it carries risks, it would be exclusionary and harmful to prevent people from investing in a basic public security that happens to be leveraged. Such regulation is inconsistent with the risks and benefits I already accept as an adult. There is not regulation to prevent me from spending $20,000 of my own money on a car or a boat that will surely depreciate, so why am I treated like a child when it comes to investing?

Gary Schlinkert Comment On Regulatory Notice 22-08

It is my right to be able to choose the public investments. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process before I can invest in public securities, like leveraged and inverse funds. I was a licensed stockbroker for 30 years, and I have found that most people are capable of understanding leveraged and inverse funds and their risks. The CFPB and other regulators do not need to impose additional measures on the brokers or on me.

Peter Horadan Comment On Regulatory Notice 22-08

Please do not make changes to my ability to invest in instruments like QQQ, TQQQ, and SQQQ.

These strategies are very useful. It's wonderful to be able to use them as an ordinary investor, instead of having these instruments be available only to institutions.

I understand how the securities work and have never had a problem using them. I don't need to be "protected" by making them unavailable to individual investors like me.

Thank you for listening.