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Donald Byrge Comment On Regulatory Notice 22-08

Donald Byrge
N/A

There is not any problem that needs to be solved with respect to leveraged and inverse ETFs. Leveraged and inverse ETFs are critical components of my trading and investing; they allow me to achieve enhanced returns and also help me to protect my portfolio during market downturns. I have actively traded and invested for over 30 years and monitor my accounts on a daily basis. I am certainly capable of understanding how leveraged and inverse ETFs perform in various market conditions over both short and long time periods. I do not need a third-party evaluating my capability to do so and potentially preventing me from buying and selling these unique financial instruments. We are a free people, and public investments should be freely available to all of the public, not just the wealthy and privileged. This is a free country with free public markets, and the government must not impose needless and burdensome restrictions on investor choice. Thank you for your careful and thoughtful consideration.