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Reed Zhimed Comment On Regulatory Notice 22-08

I am opposed to FINRA interfering with my right to invest in funds such as BITO. I am opposed having to get special approval from my broker to invest in any security they are licensed to trade, I am opposed to having to attest to having read an materials. I am opposed to being required to go through and cooling off period, l am opposed to being required to taking a test imposed by a regulated of my ability to understand an investment or acknowledgement of the risks involved.

Jeffrey Wisdom Comment On Regulatory Notice 22-08

I understand the risks and rewards of leveraged funds, and have used them to my advantage. However, I understand they can be dangerous in the hands of the uneducated. I believe some type of mild screening process would be useful, i.e., specialized reading materials and a test targeted at leveraged funds only, without other more heavy handed restrictions. The individual, once educated, has a right to make their own decisions. However, the same dangers could also be said of other instruments, i.e., options or penny stocks. Overregulation is always possible.

Charles Bragassa Comment On Regulatory Notice 22-08

I have been using leveraged and inverse funds for a number of years to my great advantage. I would be deeply dismayed to lose access or be obstructed in their use. For what purpose - to "protect" me from engaging in a successful enterprise? To protect the public at large from "shooting themselves in the foot" or running any type of risk has never worked and never will. We have already lost enough of our freedom. Please don't do this.

Richard Klatt Comment On Regulatory Notice 22-08

What you propose is too broad and intrusive for a free market. These instruments have important legitimate uses. One can't completely eliminate risk from risk assets. There must be some role for personal responsibility. Rather focus on education, and perhaps limits for those who are over-leveraged on margin. Apart from that, taking occasional losses is how we learn to become better investors.