Funding is extremely challenging. Additional regulations are not the answer. I deal with "sophisticated" high net worth investors every day for fundraising for my biotech company. Most have less knowledge about pharmaceuticals than my special needs seven-year old son. These individuals would undoubtedly pass the proposed test, but they still won't have a clue.

Let everyone invest.

Im a non-professional investor with a liquid net worth of over $3 million. I have been successfully using leveraged funds for more than 10 years as part of a complex investment strategy. I use them to hedge my investments as well as take aggressive positions in the market when the environment is suitable. These leveraged ETFs give me flexibility and market penetration that would otherwise be very difficult, if not impossible. For example, I can risk far less amount in a long position because of their leveraged nature.

To: FINRA Regulators, Kind Regards. I have been trading ETNs, leveraged securities, futures, puts and calls etc. since 1985. I understand the works and functions of these somewhat complex trading methods. I started with about $10,000.00 and now have multiple trading accounts approximately in excess of $2,000,000.00 I respectfully request that you do not take away my rights to buy and sell listed public securities. It seems my strategies are working out just fine to enhance my returns. I have been through several downturns in the markets, and have done quite well, in my opinion.

Stop taking everything away from the people. One day all of you will be broke. Then know one will have anything. Stop being so greedy.

Why government should control what I can do with my money for my investment?

If the federal government willing to do that for me, can the government guaranteed my money with the return satisfied me? Or pay me for my money?

If not, what is the authority of the government can deal with my money according to the constitutions and the laws?

I like to make my own choice of investing right. Thanks

Please leave the leveraged and inverse funds as they are. I am presently retired and they are an important part of my investment strategy. If they were no longer available to me it would cause great financial harm to me and my family.
Thanks

To the regulatory committee members of FINRA trying to restrict investors: I am writing you to tell you I highly oppose, as well as being highly offended, that you are planning to regulate personal investing in complex stocks. That is a bold, radical, and unprecedented action that invades my personal freedom to CHOOSE what I do with my money, which I earn. I should be able to let MY MONEY work for me in any legal matter of my choosing.

So many years I trade pro shares and pro funds.