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Anonymous Comment On Regulatory Notice 22-08

The existing investment instruction and terms are sufficient. People at legel age are able to consider rationally and independently if they can bear the risks. It is unreasonable to ask people do tests especially there are a large group of people already has experience of investing leveraged and inverse ETF products, not to mention how unfair it is to restrain investment activities by how much assets they have. These restraintions would create no good but annoying investors and waste their time.

William Cookson Comment On Regulatory Notice 22-08

Federal regulators should not interfere with the legal liberties exercised by investors to creatively pursue personal prosperity, using advanced leveraging investing methods. Investors must be allowed to learn and explore the best ways of investing suited to their own chosen risk levels. Each adult citizen should be considered mature enough to make their own decisions and bear the consequences of those decisions.

William Hughes Comment On Regulatory Notice 22-08

Regarding Pro-Shares (SDS), "we the people" do not want more regulation on "complex products" or any other regulation that prevents free will based on market conditions. Instead, your energy should be focused on the education of risk for these products ONLY. Your intervention in this matter, in itself, is controlling and disruptive to current investors. An attempt to control this sector will, in itself, cause an exit of cash flow leading to manipulation.