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Kayla Smith Comment On Regulatory Notice 22-08

Please reject this proposal to hamper the ability for individuals to freely invest in the market based on their own decisions about risk and reward. No investor has asked for guardrails to be put up around these products. In fact, it only seeks to further limit the free market instead of truly protect people. Requiring a certain net worth or level of investment to qualify for purchase of an investment vehicle no more qualifies an individual to greater financial sophistication or knowledge nor protects them from ill advised investment decisions than someone of lesser financial means.

William Gerecke Comment On Regulatory Notice 22-08

If you think an investment vehicle is dangerous then restrict the vehicle for ALL, not a class of investors YOU think is not sophisticated enough to understand the vehicle. I use leveraged funds to hedge other investments. What gives you the right to take that away? You perhaps have too much power and Congress needs to investigate your practices. Perhaps one watchdog was a bad idea. If FINRA proceeds on this path I will will actively support any action political to investigate and prosecute other dubious actions by FINARA [REDACTED]