Retail traders should choose whatever products that fits their trading strategies. I strongly oppose this proposal

Aifang Shi

I urge you not to regulate, let everyone invest

Dear Sir/Madam,
I oppose restrictions to my right of invest. It poses a severe threat towards market fairness. It's like locking people in home because of Flu. Retail traders or investors should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged funds are. Also, the liquidity will be severely affected if passed.

Leveraged and inverse funds are a very important for me to protect and hedge my investment and are even more important in the current out of control environment.

Placing restrictions on how or what we invest in is an affront to our freedom and Liberty in this country. Investing in leverage and/or inverse funds is an important part of our investment strategies and should not be limited by a government agency to only the privileged or select few which is high handed discrimination!

Profund although risky in nature but its price action mirrors with the price of shares it holds. It is not deceptive such as UCO or TVIX. I am investing them in my 401k and never had any issue. I vote against any FINRA restriction or regulations.

Truly, the less legislators try to micromanage my private investments and trades the better. Really it is a bit galling and insulting to constitutes that you assume we don't have the knowledge to write covered calls, or puts if needed to protect our investments. Please stop trying to help where it is not needed. Go work on cutting corporate welfare it needs reform.

I feel this is not speculation. Someone is not familiar with a leveraged ETF will not invest. However you do allow bitcoin speculation which has huge daily swings and is not backed up by anything. Also, you allow IPO's which haven't made a profit. That is speculation.

I don't believe that I need more babysitting from the government. If you are so worried about "complex" investment products focus on financial education instead of passing new restriction and adding more regulators.

Please continue to allow individual investors to make their own investment choices, such as investing in inverse and/or leveraged investments.

These types of investments allow us individual investors properly manage risk and handle our market outlook.