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Chris Wells Comment On Regulatory Notice 22-08

I think that I should be able to make my own investment decisions without further regulations from Big Brother. The sponsors of leveraged and inverse funds are required to make numerous disclosures regarding risks of the funds as well as how they operate. It is the responsibility of an investor to read and understand these disclosures. If he doesn't do that he can choose not to invest in them, or he can invest in them anyway knowing that he may not understand the risk. It's called personal responsibility.

Carl Papa Comment On Regulatory Notice 22-08

In the darkest financial times that we have faced since the Great Recession, FINRA proposes to limit our ability to save ourselves through smart, principled investing. Negative inverse ETFs are about to be a godsend. Yes, they are risky investments. What else is risky? The Federal Reserve setting monetary policy is risky. Our markets have booms and busts because of government interference in the money supply- not in spite of it. There are multiple risky bubbles spread throughout the economy today. Please treat us like adults who can make our own decisions.