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Robert Randall Comment On Regulatory Notice 22-08

Its important for me to contact you about inverse and downwardly leveraged funds.

1. I should have the right to choose my own investments, not the government, when there is nothing special about them.

2. I shouldnt have to go through any special process, particularly not one run by the government, before taking an inverse or leveraged fund.

3. Leveraged and inverse funds are a regular part of my investment process.

4. Insurance funds may also need leveraged and inverse funds for their portfolios.

2021072277201 Jeffrey Ernest Marburger CRD 2872490 AWC gg (2022-1655511623407).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2021072277201 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Jeffrey Ernest Marburger (Respondent) Former Investment Company and Variable Contracts Products Representative CRD No. 2872490 Pursuant to FINRA Rule 9216, Respondent Jeffrey Ernest Marburger submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

2020065241801 William T. Hobdy CRD 7280004 AWC gg (2022-1655511622430).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2020065241801 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: William T. Hobdy (Respondent) Former Securities Trader CRD No. 7280004 Pursuant to FINRA Rule 9216, Respondent William Thomas Hobdy submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.