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Douglas Sweeney Comment On Regulatory Notice 22-08

I am writing to request you refrain from placing more regulations on the trading community with regards to inverse instruments. Information is readily available and has been sent by my trading house regarding the risks associated with these instruments. Such instruments are an important part of trading and provide hedging tools for portfolio management. We do not need more government intervention placed upon the free market. I request you refrain from such practices.

Donald Lange Comment On Regulatory Notice 22-08

I find the use of leveraged and inverse funds invaluable in hedging my investment portfolio and prefer using them instead of shorting equities. Investors should be offered this opportunity. I understand the increased risk associated with using leveraged instruments, and I manage the amount utilized commensurate with that risk. They also offer diversification for risk management in the various sectors of the market, just as the broadly used ETFs.

Mark Walch Comment On Regulatory Notice 22-08

It is important to continue to allow individual investors to freely invest in inverse and leveraged ETF's and similar. Although it may be true that uninformed investors may cause great harm to themselves because the do not understand, the brokerage industry has provided significant notices and warnings to investors of the potential negative results of their decisions. As always, "caveat emptor" is the rule for all investment purchases, with the lack of understanding a liability of the investor, not the investment.