Its okay for regulators to make regulatory actions on financial markets. However, I have found the proposals of Regulatory Notice 22-08 unacceptable.

I should not have to prove my net worth to invest in certain securities. Plenty of people with low net worths have the self-knowledge to invest safely in any security they want. You are not responsible for my money. I am. I will no longer have any faith in the US market if this rule is not thrown out.

Retail investors are already severely limited in our investment options both via long only accounts and by a lack of access to alternative investments available to accredited investors. I oppose any and all limitations on my ability to utilize leveraged / inverse funds to meet my investment objectives. These tools are vital in my personal risk management and provide the opportunity for asymmetric returns not available through any other vehicle.

To Whom It May Concern:
I am using leveraged and inverse funds to secure my retirement savings from market swings. Your proposed changes will undermine my financial security in retirement.

Why do you want to do this to me? I have made more money investing in leverage funds than I have in any other investments in over 40 years of investing. I wonder why regulators are trying to change things on us. Please do not change things so I can not invest in Leverage Funds!!!

I have invested in leveraged funds for over 20 years. Although they have risk, I am retired and would like to preserve wealth. I do this through leveraged funds. By investing 50% of my invested cash in a 2x leveraged fund, I get a return that is less than 2X in a given year but over a long period of time, I am likely to get more than 2X due to compounding. I understand these instruments are recommended for short term holding because of volatility decay. Over the last ten year period, the SPY ETF has had a 13.56% return while SSO 2X leveraged ETF has returned 22.97%.

Dear Sirs, for several years I have been investing in the market and I am well aware of the risks and rewards of the available assets and tools to negotiate them. I am a retired small trader with accounts at three different brokers, therefore I wrote three of these comments, one for each platform. I am an educated person and feel comfortable and aware of my investment proficiency, Please, do not impair my ability to use all the resources available to trade. Thank you.

I see no good reason for Government to change the laws.Let the market do what it does best!

I have the right, whether you believe I have enough money or not, to invest in whatever strategy I may want, whether incredibly complex or simple. There is ZERO correlation between net worth, and self-knowledge about investment strategies. I will lose all faith in the worlds largest FREE market if this rule is implemented.

I am opposed to regulations limiting investors ability to trade and invest in leveraged and inverse funds. Most brokerage firms already have safe guards in place to protect uneducated and unsophisticated investors, such as income and investment limits, and warning labels. Seriously - you have just as much risk in investing in Bitcoin - or AMC !! Or trading on margin !! These leveraged funds provide a way for me to hedge my portfolio and enhance my returns. I firmly believe existing safeguards are sufficient.