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James Pauly Comment On Regulatory Notice 22-08

After over 40 years of equity trading, I , as other investors, are careful to invest within our own comfort zone and abilities. It is easy to see and understand the possible consequences of leveraged ETF's as well as other funds. I feel the individual is capable of determining what instruments are appropriate for each individual. I feel regulation beyond providing information is unnecessary and restrictions of any kind need to be scrutinized to determine with whom they should be applied, if anyone.

Stephen Nowak Comment On Regulatory Notice 22-08

I strongly oppose the proposed regulation limiting investment afforded ordinary investors. The proposed regulation would severely inhibit my ability to hedge and thereby protect my life's savings against adverse economic events. Events that in recent history have become common place. Further, with it becoming blatantly obvious that significant inflation is very much upon us, being able to stay ahead increases in the cost of living via leveraged ETF's (for oil and food based commodities for example) is imperative. This regulation must not be approved and go into effect!