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Anonymous User Comment On Regulatory Notice 22-08

I am a private citizen and individual investor concerned about limits on leveraged and inverse. These funds are an important tool for me as they present another method of limited exposure to leverage with less downside risk than many other leveraged strategies. They are an extremely important part of my strategy as they allow for amplification of strategies that take advantage of market momentum that non-leveraged strategies do not.

Yevgeniy Kuzmin Comment On Regulatory Notice 22-08

It's my money, and it's my choice how to invest them. Restricting my rights is unacceptable. I even moved to another broker to avoid such restrictions. I'm PhD in Math and clearly understand all statistics processes at the market. Both leveraged and inverse funds allows me to create a portfolio with a great Sharpe ratio. It is much more difficult to hedge using only regular long instruments. I'm positive YTD mostly due to inverse funds, but S&P dropped 15%.

Robert Boseant Comment On Regulatory Notice 22-08

As a CPA and investor for over 40 years, Im writing to express my deep concern that proposed rules being considered by FINRA will limit my access to leveraged and inverse funds. These products are an important part of my investment strategy that help me mitigate risk and protect my long-term investments during market downturns.

Balancing my long-term holdings with inverse funds allow me to hold investments during downturns and limit my potential losses. This gives me flexibility in an uncertain market and the security to stay the path with my long-term investments.