Thank you for the opportunity to comment. Im retired. Im a former CPA and have studied investments for many years. Between managed funds with high fees and questionable performance, I prefer to manage my own portfolio and other investments.
I currently hold two leveraged investments. One a mutual fund and one is an ETF. They represent a very small part of my equity holdings. Their performance has been exceptional but because of inherent volatility I choose to limit exposure.
My freedom to invest would be denigrated if the proposed regulations are implemented.

Do not limit my freedom to manage my own asset. Broker house has done due diligent to inform me about the risk. That is enough!

It is incumbent upon me to voice my objection to the consideration by FINRA to restrict my ability to invest in public securities and their risks without first demonstrating my understanding or abilities to a governmental agency. As part of my financial portfolio, investing in leveraged and reverse funds allows me to take part in the great American dream of developing wealth. It is important to my investment strategy to do so without governmental limitations or restrictions.

why do I have to ask for your aproval to invest my money???? it's mine . I earned it . Public investments should be available to all of the public, not just your friends at the elite

Principally I use inverse and leveraged funds provide a way to hedge against market downturn or increase the benefits from market movement in one direction. They are not complex... if one reads about how they work and their prospectus they are straight forward to manage. A microwave is complex until you read the instructions. Understanding the risk/reward of these products is not complicated unless one does not know how to read. There may be people who don't bother understanding what they are doing but why should everyone else have to suffer?

I do NOT need the govt telling me how to invest my own money. I have invested in leveraged funds for many years and they have benefited my portfolio a great deal. Stop trying to be my nanny.

I want freedom to choose for myself, I do not need regulation

To whom it may concern:
Leveraged and inverse funds are important to my
investment strategy. I use them on a limited basis and when I am extra bullish or bearish on a trend.
I shouldn't have to go through any special process
like passing a test before I can invest in public securities,
like leveraged and inverse funds. I am
capable of understanding leveraged and inverse funds
and their risks. I do not need these measures imposed on me.
thank you.

Leveraged funds are an important part of my investment strategies. Involvement of regulators in a person's wallet should be limited, just like their involvement in private lives in general. Furthermore, the paternalistic stance taken by regulators is reminiscent of the approach of the most severe autocratic and totalitarian regimes, where a dictator considers his people too feebleminded to make the right decision.

Why does FINRA contemplate taking up a "mother hen" position with respect to "complex products" such as leveraged ETFs? There are no guarantees with respect to any investment strategy, and it is easy to lose a fortune in any number of market instruments -- including standard stock and mutual fund trades.