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Scot Mccallum Comment On Regulatory Notice 22-08

Is this not a free country? I should be able to choose what investments are suitable for my portfolio. Why should this investment only be reserved for a chosen few? I shouldn't have to prove myself to regulators that I am perfectly capable of making investment decisions that are in my best interest. While I've utilized these products for years, they are not my complete strategy, but a very important part of my overall investment strategy to hedge my risk exposure as well as enhancing overall performance.

Frank Osolnick Comment On Regulatory Notice 22-08

I have been utilizing leveraged and inverse ETF funds for many years in my trading/investing. They have been instrumental in my ability to consistently outperform the market averages. I use them both as an investment vehicle and occasionally as a hedge against my portfolio of mutual funds, non-leveraged ETFs and stocks. To no longer have access to these products would severely and negatively impact my results. I strongly urge FINRA to maintain the status quo regarding access to these products.

James Pieronek Comment On Regulatory Notice 22-08

I have used leveraged and inverse funds for years without problems. I can understand the desire to provide increased protection for the retail investor, but that could be handled by using the existing system of trading levels that brokerage houses use to limit trading in options and futures. I would think that it would be appropriate to require investors desiring to purchase these ETFs to be at the trading level required for the lowest level to buy put and call options. That way they are required to have read the numerous documents outlining the risks involved.