I consider these proposed rules to be yet another abridgment of a citizen's right to do with his money what he chooses. I have half a century of experience in investing in stocks and bonds of all varieties. I learned how to do it the hard way, not by taking a test, but by self-study and experimenting with various instruments. I administered 2 employee pension plans as well as my own retirement funds, and retirement funds for my spouse and children. I have had some losses of course, but no net losses over any significant length of time.

What should be enforced is proper disclosure. All investors should have access to investment vehicles that are in the markets. Too often regulatory bodies assume the public is too stupid to make rational decisions. It seems whenever regulatory bodies make rules to "protect the little guy" its really about taking away opportunity and freedom.

I am strongly opposed to the proposed regulations on leveraged and inverse funds. Limiting investments like this based on net worth is discriminatory (probably racially discriminatory, whether that is intended or not) and will only further stratify wealth in America at a time when this is already a significant problem. Leveraged and inverse funds are an important part of my investment strategy. They are a small part of my overall portfolio, and I already understand their inherent risks without tests or other restrictions being imposed on me.

please do not limit my ability to protect my portfolio. I oppose limitations on my investments.

Any regulation impeding the right of private investors to invest their own money as they see fit violates the freedom of commerce and freedom of association long understood as logical extensions of the Bill of Rights' 1st amendment protections of free speech, petition and assembly, and has no place under American constitutional law.

Please consider my concern that additional burdens, placed by government, on my ability to select the investment vehicles of my choosing, is not merely unwanted, but antithetical to the entire concept of risk/reward, upon which our system is predicated. I strongly urge that regulations be focused exclusively on facilitating efficient investments and leave the particular manner, and options for investors be left to the investor and/or his/ her fiduciaries.

I dont want someone or regulators making decision on how do I invest my money.

To Whom it May Concern:

I am an active retail investor with a small portion of portfolio in leveraged and inverse funds.

During the recent market downturn, hedging against losses by investing in leveraged and inverse funds has helped me to beat the market over the past three months. Without access to these types of funds, my ability to respond to market forces would be substantially hampered.

During the 2007-2009 Financial Crisis, inverse funds saved my retirement. I also have occasionally used leveraged funds because of a 24-hr shortage of "settled" funds. I do not want or need the protection afforded by the proposed measures. The Fed has routinely created bubbles in various asset classes, incentivizing investors to use leveraged long funds as the bubble expands. Then, when the bubble inevitably pops, investors are incentivized to use short and leveraged short funds.

I use inverse funds to keep my savings from reducing because of inflation. In a time when stocks, bonds and cash are all loosing value, inverse funds are the easiest way to protect my savings. Put options are difficult to understand, and my brokerage will not let me short stocks directly.

If you want to discourage gambling tax trades and make casinos illegal.