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Harry Lewis Comment On Regulatory Notice 22-08

Harry Lewis
N/A

FINRA - I understand that you feel a need to protect investors from some of the potential pitfalls of leveraged ETFs. I urge you to approach this topic with caution, however. Face it, risk is the foundation of investing and the entire field is fraught with potential pitfalls, interpretation, influence and missteps. There are no guarantees and, effectively, no real reliable sources of information. The only thing "real" in investing is price action. The use of leveraged and inverse funds are very important to my own investment strategy, particularly for use in hedging. If you limit my use of these funds you are directly interfering with me and my investment style. I urge you NOT to move forward with proposed limitations. If you want to do something positive for investors focus on improving the process around class action suits against companies who used false reporting to hype their stock. Many investors don't necessarily opt-out but fail to participate due to the tedious nature of enrollment.