FINRA is concerned about the little investor using leveraged ETFs? This is not about protecting the little investors. It's about what some large investment firms want. This is the second assault on these investment products. Back in December of 2015 the SEC Chair Mary Jo White tried to rein in leveraged index funds. It's funny the concern over the individual investors when back in 1999 we saw the repeal of the Glass-Stegall Act. This set the stage for what Warren Buffett called "weapons of finical destruction".

I have been a long investor in leveraged etf for 3+ years. I dont want to be required to pass tests to continue investing in it. And if people put money into it they should be prepared to lose it whether its leveraged etf or stock as I have.

I have been investing in a Leveraged ETF since 2009 with good results and do not need regulators to restrict my ability to continue investing in this or any other ETF. I will assess the risk and do not need some regulator with little or no investment experience to limit my investment choices.

My first impression of this proposal is that it is a reaction to activities of individuals during the recent pandemic. Those who followed Wall Street Bets chasing meme stocks succumbed to, as Glenn Frey wrote in Smugglers Blues, "The lure of easy money is a very strong disease." As such the cure for such affliction would be better found with "Gamblers Anonymous" than regulation of financial instruments.

The ability for the general public to invest in various types of financial instruments and vehicles should not be restricted, and doing so would be anti-American in spirit. Let us consider and example of why this the case: the internet has helped promote the democratization of information and provided an incredibly valuable resource for individuals to learn, communicate, share ideas, create art, and so much more.

Please don't make decisions that limit what I can invest my money in.

as an attorney that has believed in upholding the law, this proposed law would diminish the independence and autonomy of investors. we dont need anymore laws from the government to handhold investors from risky investments such as leveraged funds. this is encroaching on many peoples abilities to take advantage from the market. simple warnings and promotion of financial education tools is all that is necessary to protect investors, not enriching the rich by limiting investments to the general public. dont limit us from our investments.

Government needs to stay out of my business! This is my hard earned money I worked hard for not you. Especially just so you can throw it away on ridiculous things that benefits no one but the criminal politicians ! Leave me alone.! I pay my taxes and not so you can line your pockets. Dont the lobbyist pay you enough or are you that greedy! I say vote out all incumbents!!

Hi - I would like my rights to retain investment in leveraged ETFs. We invest in that knowing the risk and rewards. I have strong objections on "Demonstration of High Net Worth". This would make the rich richer and the poor and average people can't invest to grow their fund/savings.

Because I have a high degree of understanding of the inverse and leveraged funds, I understand why regulation is being considered. However, traders have always been and always should be responsible for their own investing knowledge and actual trades.