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Alfred Balakier Comment On Regulatory Notice 22-08

Regulations prevent small investors like myself from participating in venture capital and hedge funds, keeping more wealth in the hands of the wealthy.

UPRO's leveraged investment options are a critical component of my portfolio. Leveraged, they increase risk, but are also tied to market performance which diminishes single company/industry risk whereby I can choose the risk level I want for my portfolio.

Folks investing in UPRO understand the inherent risks. We're not children.

James Tenney Comment On Regulatory Notice 22-08

Dear Sirs & Madams--

I oppose being restricted in investing in leveraged investments. I have been doing so for many years now as a supplement to my primary retirement "buy and hold" investment strategy. I am range-trading a small percentage of my overall portfolio using leveraged funds.

Frankly, I'm not sure why FINRA is getting involved with this. I would think you could find better ways to serve the public.