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202207424401 Kaival Patel CRD 4470522 AWC lp (2022-1655425225709).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2022074024401 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Kaival Patel (Respondent) Former General Securities Representative CRD No. 4470522 Pursuant to FINRA Rule 9216, Respondent Kaival Patel submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Thomas Buchsbaum Comment On Regulatory Notice 22-08

Do not restrict my access to investment products that help me balance the risks as part of my overall portfolio of investments. Leveraged and inverse products help me diversify and reduce overall risks. Limiting access to such products limits investor choice and would require them to seek other methods of mitigating risk, which could result in less investment or a less liquid marketplace.

Prasad Venamadala Comment On Regulatory Notice 22-08

I think regulators should ban hedge funds and dark pools not instruments like Proshares only which are available to retail investors. If you are genuinely concerned about anything dark pools are more dangerous than anything out there next to hedge funds who manipulate and kill most of retail investors wealth. Organizations like you, SEC are encouraging dark pools, hedge funds, please ban them immediately or put regulations such that they have no option but to invest in an ETF or Mutual fund.