Please stop changing the rules middle of the action

INANE!!!

If enacted the proposed restrictions of FINRA Regulatory Notice #22-08 would reduce my ability to hedge and thereby would INCREASE the risk in my portfolio. The proposed regulation is another example of cognitive biases in the actions of regulatory agencies. In this case the main ones, among others, being the Illusion of Explanatory Depth, or IOED, and Regulatory bias.

I am certainly able to comprehend the risk associated with my use of leveraged and inverse funds:

I passed the Series 7 exam at the top of my class when I became a stock broker.

Very simply put, our founding fathers had a knowing. A conviction that there is but one truth. We must not deviate from the path set upon in regards to perpetuating our conviction of the self evident truth that "all men are created equal ".
Equality in creation that dictates fair access and complete freedom to invest in any public stock .
Far be it just that a man be denied the opportunity to increase his worth based on the perceived complexity of the stock or the percieved or real lack of his ability to comprehend said complexities.

To The Financial Industry Regulatory Authority,

I have made over $700,000 investing in inverse and ultra funds over the last two years. I'm a highly educated investor and use the Elliott wave methodology to invest. I'm retired and have no other source of income. I couldn't make this type of return if I invested in individual stocks and bonds. In a down market, which we are in currently, I use inverse funds to make money instead of investing in bonds which you can lose money in.

Don't presume to dictate what we can and can't do with our money. It's a violation of our most basic freedom.

we need leveraged shorts to hedge positions when markets go through major corrections. please do not remove investors ability to protect their capital. thank you----Claude Saks

As a former financial advisor of 44 years (now retired), I would like to strongly protest additional regulatory restrictions on the use of leveraged or inversed funds, beyond the regulations that are currently in place. The new proposed regulations are an example of regulatory over-reach and are not needed.
I am pleased and proud of the fact that I never experienced any client complaints during my wonderful and successful advisor.

I oppose restrictions and barriers of entry to investments such as leveraged and inverse funds. I utilize leveraged funds in particular as a part of broader strategy both as a hedge and to enhance returns. Investors such as myself are capable of understanding and weighing the risks and potential rewards. Unnecessary restrictions do not help us and are a waste of time and effort for investors, brokers and regulators.

I am a well educated investor and leveraged funds are an excellent way to beat the market and accumulate wealth in the long run. Please ensure freedom of choice in this matter!