I am an individual investor, responsible for investing for my own family and retirement. I'm investing in PUBLIC investment vehicles, that currently are (and should REMAIN) available to any investor, and not just privileged hedge fund managers.

I DO NOT consent to having to take or pass any special exam in order to invest a security, which by definition is an act of risking capital in the hopes of a return. Loss, even total loss, is an inherent risk, as is an infinite return. Neither are likely, but they're possible.

I need to have the right to make the investments I choose, not regulators.

I have been investing in leveraged ETFs for over 8 years and fully understand the risks associated. I have traded both the long and short versions. I have both lost money and made money. I believe that all investors should have access and the ability to trade in these. The freedom to choose investments that could
help you achieve long-term financial security is extremely important.

Add my opposition to restricting the sales of these long established securities. I live by ETFs, inverse ETFs and BDCs, which pay high dividends. To make them illiquid by making them unavailable to all is hardly leveling the playing field. It would actually destroy my whole financial plan and portfolio. This is unfair punishment for which no crime has been committed.

I have Best disaster in double in triple S&P 500 and NASDAQ in the investments for many years, as a result I have built up a substantial net worth. Taking these investments away from me would greatly reduce my investment returns. So long as people understand what they are buying I see nothing wrong with them. I am fully aware of the risks involved, Ive been through good times and bad with them. But overall they are very important part of my portfolio.

You have not presented any evidence to show that consumers should lose the right to invest. Nor, as far as i know, have you presented any evidence that consumers using leveraged and inverse funds perform less satisfactorily than financial advisors. This appears to be a move to support the financial advisor industry with the restrictions negatively affecting the rest of us. Why are you supporting the "big" guys and gals by restricting the rest of us?

It is important for investors to be able to use inverse funds. You will do a great disservice to the investing public if you disallow this very valuable tool.

I have complete understanding of the securities I buy and the risks associated with them. From options as well as leveraged ETF s

Dear FINRA,

Having been an investor for over 50 years, I feel that your proposed new regulations are going to essentially restrict
access to important tools necessary to successfully INVEST in the financial markets. The institutions and BIG BOYS will not be affected but the individual investor will certainly be hampered by these restrictions. Instead of levelling the playing field, these will make individuals - second class citizens even more so than we are now.
We are burdened with enough regulations, we do not need more.

I oppose limitations on my ability to buying a broad range of public securities designated as complex products which could include the leveraged and inverse funds offered by ProShares.