All people have a right to invest in any fund, including leverage and inverse funds, the way they see fit. It is OUR MONEY! We should have the freedom to invest it as WE PLEASE!

I am distressed to hear that you may restrict my right to choose what I want to invest in. I have used several of the leveraged and inverse funds for years and find that they fit my requirements and accomplish what I am trying to do. Please redirect your energies toward areas that need attention and don't restrict my choice of investment s

I oppose any restrictions.

I'm old enough to invest my money as I choose. If I choose to invest in a leveraged fund, it's my choice. So why would you take those investment opportunities away from me?

I was Chairman of a Panel. At the Pretrial Hearing Claimant asked for an an Expedited Hearing as his client was elderly and ill. The attorneys had first been asked if the Panel , as constituted was satisfactory and t]both counsel agreed it was. The panel requested an expedited hearing and Respondent counsel advised they were too busy and not available. As Chairman i advised that an expedited hearing would be held. Respondent then advised the panel was not acceptable and I should be recused. I later learned the case was settled, but I received a complaint call from FINRA.

In an age in which we are watching the breakdown of traditional portfolios like the 60/40 fail to limit downside risk thanks to the correlation of stocks and bonds its important advisors have all the tools necessary to help their clients. Certainly these funds can be misused, misunderstood, or over-allocated to but that shouldnt prohibit the responsible use of such funds. I believe guidance, not prohibition, would be in the best interest of the investing public. Thank you for taking the time to read this.

I strongly oppose the proposed restrictions on these securities products. Primarily, I am able to evaluate, analyze and decide for MYSELF when and if these securities are appropriate for me. I possess, as do, I would presume, the overwhelming majority of inventors, the skills, knowledge, experience and discretion needed to decide whether or not to use them. These are important hedging tools, otherwise not available to me. To take that option away from me as an individual

I should not have to go through any special process to invest in leverage ETFs. I have been investing for years and this is part of my investment strategy. This has worked well for me. Using leveraged ETFs is safer than buying individual stocks and provides a better return. It should be my choice as to what I invest my money in!

Customers should be able to choose what is right for their investment strategy. Making changes would cause many to need to do leveraged complicated futures trading to accomplish the same goal and causing great financial risks compared to a simple leveraged fund.

My background is a buy-side equity trader for 28 years. There are complexity levels of investment products. Screening should be increased as the complexity levels increase, such as the Option trading approval levels are done. There are some newer products like inverse leveraged, and multiplied leveraged ETFs that normal investors do not understand. Specifically the use of futures and options and the declining time value of the instruments. This comes into play during a roll of the instrument to the next expiry.