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Phyllis Warden Comment On Regulatory Notice 22-08

I object to government regulators deciding what I can and cannot do with my investable funds. I receive a prospectus when I buy products that require them, and the burden is on me to make an informed decision. I do not want to have to take any special courses or pass any tests or explain my reasoning to someone outside my family. I have an investment advisor with whom I can discuss whether something is appropriate for me, and that, along with my intelligence and American citizenship should be enough.

Christy Garrett Comment On Regulatory Notice 22-08

Please think about this: the proper place of government regulation of investing is to make markets honest....to prevent one party from cheating or stealing from another. So for example, you could enforce honest prospectus language. Another appropriate regulation would be to ensure an equal playing ground for all investors. Regulations could support every investor's access to these funds and not just an elite group. Guess what - all investing is risky. All of it. Even the investments considered "safe", such as money market funds or treasuries, have risks (erosion by inflation).

Dwight Smith Comment On Regulatory Notice 22-08

Investors shouldn't have to go through any special process like passing a test before they can invest in public securities, including "complex products". The disclosure-based system currently in place provides adequate protections.

All definitions and language in regulations should be clear, precise and limiting. Wording that is broad, arbitrary or vague empowers bureaucrats; it does not protect investors.