As a former Registered Representative with PaineWebber and traded successfully Inverse Commodity and Equity ETN's, one as ticker tape reader and using regression programs for trend analysis, I appreciate the opportunity within my IRA to protect the account value of cash long and short. The issue of Future contracts, Currency Swaps, and Repurchase Agreements are internal to the ETNs, themselves, and really unimportant to the simple fact if the tape moves 1% to the S&P I earn 2% or 3%.

No further restrictions on my account of pro shares is necessary gentlemen .

Leveraged funds have helped me (a middle class American) access investment tools typically reserved for the ultra-wealthy. And my money is limited, so I dont place it in these funds without going through my own due diligence. Its absolutely a disgrace to limit my choice of these funds.

Please do not restrict investments in leveraged ETFs

Investing should be up to the investor,not the government!

This is terrible. More regulation? Really? These investment strategies allow growth and individuals to compete and obtain long term wealth and gains. Removing the ability to use these is against capitalism and free market for Main Street investors. It stops valid hedging and leveraging long term strategies. Stop the madness! Vote out the bureaucrats! Do not pass this highly unprecedented and restrictive regulation! This is flat wrong!

I should be able to choose the public
investments that are right for me and my family.
Public investments should be available to all of the public,
not just the privileged.

Please keep it equal for everybody
Just as it is now
Thanks

I strongly oppose restrictions on my right to invest in publicly traded securities, including leveraged instruments both bullish and bearish. I take the time to understand the risks of these funds, and limit my exposure accordingly.

Dear Regulator/FINRA I am happy to learn of your concern for investors. I am fully aware of the risks involved in buying inverse shares. We are forced to read a prospectus before we invest in these funds. I feel that I should be able to buy any funds of my choice in a 'free' country. I also know that these funds are not usually held for a very long time. I really don't feel that these funds are complex in any way. I think that investors who buy on margin should probably have some kind of regulation. I use these funds to protect my investments.