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Deepak Kana Comment On Regulatory Notice 22-08

Dear Officer,

As a retail individual investor I found that the leveraged ETFs enhances our ability to have more returns with acceptable risk. Although it can lead to losses in downturns and choppy market conditions, overall I find it a useful tool for parts of the portfolio. I request you to not take them away from us as it will lead to more asymmetrical privileges for people who already have more sophisticated tools.

Hong Jiang Comment On Regulatory Notice 22-08

I - not regulators - should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. I should not have to go through any special process before I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. Leveraged and invers funds are important to my investment strategies. I have been using leverage and inverse funds to protect my investments or seek enhanced returns.