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William Baker Comment On Regulatory Notice 22-08

I am alarmed and disturbed by the prospect of FINRA regulating investments by blocking or impeding investors' access to them.

Hedging and leveraging with exchange-traded funds are cornerstones of my personal investment strategy. I can't afford to and don't want to invest in the futures market directly, and I don't think options offer a good risk-reward profile. Financial instruments that use futures provide a vital service for people in my situation.

Anand K Comment On Regulatory Notice 22-08

I use leveraged products as part of my portfolio and I am well aware of the risks they carry. Leverage products such as UPRO and TQQQ can be used effectively as a component of a broader investment strategy and should not be restricted from public retail investors because some decide not to properly educate themselves on the risk they carry. It is important for individual citizens to have the choice to pick which financial products are appropriate for them based on their risk tolerance.