Your proposed changes are not needed and not wanted. Warnings are already in place on all leverages ETF purchases. Adding burdensome regulations would punish experienced traders who make their living trading these funds.

Public investments should be available to all of the public,
not just the privileged

Dear FINRA,

I strongly oppose any restrictions to my right to invest, including inverse and leveraged funds.

I cannot state how much I am opposed to excessive regulations taking away my freedom to invest as I so chose. I utilize put options on these types of leveraged funds such as UPRO and TQQQ to acquire shares tied to the S&P and Nasdaq at a very advantageous price and then sell covered calls against the shares once obtained. I can make upwards of 5% on my money each month with relatively conservative trades. Before I became aware of these funds I was using SPY and QQQ and investing the same roughly $500k in each, I was making only a little over 1%.

Of course it is important that investor have access to all the information and risks associated to an investment and the marketing of Investment vehicles must be strictly regulated to ensure that people are not incorrectly enticed into inappropriate investments. But the right to chose what investments are right for oneself is critical and must be protected.

Leveraged and Inverse Funds are a very important, PUBLIC investment that are a critical part of my investment strategy.
I understand why restricting them from some of the newer, uneducated investors is a valid concern, but those concerns can be handled in ways that would not restrict them from more experienced investors.
These are public investments that should remain open to experienced investors without restrictions.

I oppose restrictions to my right to invest in public investments.

I should not have to pass some arbitrary "test" in order to implement the investment strategies I think work best for myself and my family.

Opening up investments to everyone will lead to a more informed public and a more transparent investment environment.

I oppose any restriction on my right of investment.

It has come to our attention that under the regulations being considered by FINRA I may not be able to buy leveraged and inverse funds like TQQQ, SQQQ and others. I would like yo urge you to NOT implement these regulations. These funds are important to my and my husbands investment strategies and restricting these funds will hurt both us and others we have encouraged over the years to use to enhance returns. I believe that people putting their money in the stock market, no matter what fund or stock it is in, understand the risks, as well as the possible rewards.

I think I should have the freedom to choose the public investments that are right for me. I believe the regulators should not put restrictions on public investments.

By investing in leveraged funds like TQQQ, I could put a little amount of money at risk and if it works out I can have an outsized gain. Again, I could put all my money on other individual stocks like Netflix, Palantir, or medical marijuana and lost just as much with no upside in sight. In other word, I think individual stocks by themselves are riskier than leveraged funds like TQQQ.