Dear FINRA,

As a retail investor, I was shocked to learn of the potential move to limit my access to financial products that have been available on public markets for years. I find the prospect of my ability to invest my money being limited simply because I am not a "high net worth" individual extremely upsetting, and I urge you to not restrict products deemed complex.

Madam/Sir: I have been investing and trading in securities for decades. The 2 and 3 times leveraged ETFs have been one of the most innovative and practical financial tools for my portfolio management. Leveraged ETFs are my main tool to hedge my portfolio volatility without liquidating my stocks and attempting to rebuy them later. No further regulation is necessary. There are countless ways to lose money in the markets. These ETFs have saved me thousands of dollars through hedging. Please leave them alone.

Things like this continue to prove that we do NOT actually live 7n a free country. Are retail investors taking too many crumbs that we need to be stifled further?

I as the investor I should be able to choose the public investments that are right for me. Public investments should be available to all of the public, not just the privilege few.

We need to be able to Trade Leveraged ETNs that are more convenient to trade than Futures. Quality traders use these instruments for Volatility programs

Its a free market. You shouldn't have to go through any special process like passing a test before you can invest in public securities like leveraged and inverse funds. I do not need these measures imposed on myself or any other investor.

I oppose notice 22-08. There are instances where inverse and leveraged ETFs are appropriate investments for accredited investors.

I am strongly opposed to proposed regulations that would restrict my ability to utilize Leveraged and Inverse Funds/ETFs. These are an important part of my investment strategy and are used for both investment in up trending markets as well as hedging purposes in downtrending markets. I am quite capable of understanding the function and risks of these vehicles, and do not feel the government should be imposing restrictions on the investment vehicles that I may choose. I should not be required to go through any special process before investing in these public securities.

The investor should be responsible for making their investment decisions not some official. Leverage funds have great risk and thats a risk I am willing to take. All investments have risk, Enron collapsed, was a risk. A normal stock shows a miss on earnings and drops 30%, Netflix lost a small number of total customers and drops 40%. Can you protect all my investments, no, nor should you.
Regards,
Raphael Thompson

More regulation is not what is needed. Everyone should have the freedom granted to elites. Each investor needs leverage and inverse investment choices to mitigate risk. Break the cycle of, we are the government and we can help you. History proves government reduces freedom of choice which is not intended by U S A founding.