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Mohammad Kamal Comment On Regulatory Notice 22-08

Dear FINRA, Both leveraged & inverse ETFs are an important part of my hedging strategy as a retail investor & trader. I do understand your concern for protecting an average investor. But the issuers adequately explain their unusual risk characteristic & I have been able to successfully build my portfolio with these ETFs included. I specifically use a forward & an inverse ETF pair on the same underlying index to minimize risk in my covered options trade. I would not want to have any restriction imposed on their use! Thank you for understanding.

Wayne Weisbecker Comment On Regulatory Notice 22-08

Hello, I don't want you to limit my investment options. I have been investing for 35 years and I know the risks I am taking. I am concerned you are making these changes to limit my ability to invest in things that could go up substantially. The government is printing money like crazy and the markets could get pretty wild. You need to let individual investors protect themselves. thank you. Wayne Wesibecker

Isao Kitagawa Comment On Regulatory Notice 22-08

I am an experienced investor and a former CPA and former financial executive of two NYSE listed companies. I do not consider it appropriate for the government to tell me and my wife what I can and cannot invest in. Based on market conditions it may be appropriate to invest in inverse or leveraged funds or ETF's. My wife and I are invested in such funds in our joint account and each of our IRA's. I think it is appropriate for others without my background to make their investment decisions without interfere of the government or regulators.