This is a stupid idea. Let people invest how they want.

Regulators should not determine what risks or opportunities that I want to apply to my portfolio construction. Hands off the tools I use to hedge and diversify my portfolio. There is already plenty of literature and information on the risks associated on these investments.

I likely would fit all the criteria (VHNW, etc.) which I sort of sign off on for options trading at Fidelity yet I oppose this action. There are better ways to achieve investor protection without making them jump through hoops which in practice just turn out to be theatre.

I agree with extensive warning and labels to ward off uneducated investors. But regulator imposed tests, etc. are just another way for test makers to make money and an added cost of doing business with leveraged ETFs.

I have invested on my own for for 36 years, doing my own due diligence, reading, and using my informed judgement. People make all types of financial decisions such as career choices, where or whether to purchase a home, what type of healthcare they access, the foods they consume, where they travel, etc.- the list could go on for pages. Any mature adult of sound mind can make financial decisions of varying complexity without testing for this. Do you take a medical literacy test before seeing a physician, an aeronautical engineering test before taking a flight?

I not regulators should be able to choose the public investments that are right for me and my family. You do not know best for others!
Public investments should be available to ALL of the public, not just the privileged.

please allow my own investment decisions to be mine. not Govt goons

Please do not regulate funds that Ive been investing in safely for years. Individual Investors are sophisticated enough To understand the risks associated with all kinds of investments.

Do not restrict my ability to use leveraged ETFs.

I am writing this to let it be known that I should be in charge of my retirement investments not the federal government. I have enough knowledge to make these decisions and dont need to pass a test. Inverse and leveraged funds are important to my investment strategy.

I manage my brokerage and retirement accounts. I make all my own investment decisions and execute all trades. Leveraged and inverse ETFs and ETNs are an important part of my investment strategy. I am 70 and have used these kinds of products for over 10 years. I know the risks and rewards of this type of product and I strongly believe no regulator should be trying to restrict my access to these products.