Why should an investor use Leveraged Funds? 1) Better Outcomes: Yale professors did a study on the use of leverage on retirement investing from 1871-2004 (1): “By employing leverage to gain more exposure to stocks when young, individuals can achieve better diversification across time. Using stock data going back to 1871, we show that buying stock on margin when young combined with more conservative investments when older stochastically dominates standard investment strategies—both traditional life-cycle investments and 100%-stock investments.

Leveraged and inverse funds help me to protect (hedge) my investments or seek enhanced returns as a limited part of my overall portfolio.

I appreciate FINRA's concerns regarding investor protection. At the same time, I wholeheartedly disagree with FINRA's NtM 22-08 proposal to - "Require investors to pass a test to trade a complex product and potentially undergo re-testing from time to time to ensure the investors continued understanding." I've traded leveraged ETFs for many years and they're an important part of a long term strategy. I urge FINRA to carefully consider the negative impact of this proposal on retail investors.

I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST

I am enough capable of understanding leveraged and inverse funds and their risks. I don't need these measures imposed on me.
Thanks

Public investments, including leveraged or inversed funds should be made available to all individual investors. Individual investors like myself are perfectly capable of choosing our own investments, carefully considering risks. We should not have to have regulations imposed on us. Thank you for your consideration.

I object to further limitations on these funds..

As a financial advisor, I oppose restrictions on the ability to grow and protect client assets.

Studies show that investors hate losing money three times more than they enjoy making it.

Taking away my ability to hedge client portfolios means my clients will suffer... and their suffering is leveraged 3x!

Please don't take away this important tool in our tool box.

I think 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 privileged.

I do my own vetting, my own research. I'm very careful to diversify my investments. I don't invest more than I can afford to lose. The riskier the venture, the less money I invest. But I want to make these choices myself; please don't restrict me!

I completely disagree with the new regulation. I reality most publicly traded stock investments are leveraged because the companies you invested in have debt on their balance sheets. The stock a person buys is in a subordinate position to the debt. This debt helps to boost yield. Just like a leveraged fund helps an investor increase yield. If Inverse funds are eliminated then the ability to short a stock should be eliminated as well. Again you are doing the same thing; however, with an inverse your loses are limited. A short can lead to unlimited losses.

To whom it may concern, Id like to make my voice heard regarding notice #22-08. Ive been investing for something like 25 years and started using leveraged ETFs since before the " great recession " of 2008, using them with regards to the major indexes. In that time I have never had a problem and the ETFs I used did exactly what they were advertised to do in both up and down markets.