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Aaron Sterling Comment On Regulatory Notice 22-08

It should be the investor's choice to invest in leveraged and inverse funds. These are important investment vehicles that should be researched by the investor just as any other investment choice they consider. Limiting or restricting an investor's investment options restricts their ability to do what is in their best interest. Many everyday investors use these investment options regularly with much success.

Katti Ming Comment On Regulatory Notice 22-08

I believe that most people who do choose to invest in these funds are aware of the risks and do their own homework before they start investing. While I do believe that offering education on the risks, as well as risk mitigation strategies, would be beneficial for traders, I do not believe that extra layers of bureaucracy and testing will create better or safer traders, and will simply reduce the activity on such funds unnecessarily. This is to no one's benefit.