Do not restrict the peoples right to invest. Why did you wait for a declining market to consider this? Highly suspicious. Small investors are always subject to a rigged system against them. Why is that?

Its so important to allow investors, not regulators, to determine the right investments for their families. Limiting investors is unfair, and will ultimately weaken those markets.

I oppose this regulation. You should be subject to something akin to the hippocratic oath. You often skip right past the "first, do no harm" stage and go straight into surgery, assuming that you can make things better through burdonsome regulation. I continue to be surprised that your constituent members have not recognized the many ways that you have outgrown your charter and outlived your usefulness.

Comments:

It is ridiculous and a crime to take away a citizens right to invest how and when and how much they personally want to. This government is not my parent or my god.

Leave my decisions on investing to me. No Big Brother [REDACTED]

It is an investors right to freely access the entirety of the public securities markets without arbitrary restrictions,

I am a Chartered Financial Analyst (CFA) holder with more than ten years of investment experience. I'm capable to manage the investment risk in my own portfolio. I do not need the regulators to choose the investments that is right for me. I have my own investment strategies that matches my risk tolerance. Leveraged funds are important to my strategies. They help me hedge my investment risks and obtain enhanced returns. I am capable of understanding these leveraged funds and their risks.

Triple and double leveraged etfs provide a simple and understandable way to hedge positions, or without personal leverage, create a larger upside position for an investor. Without well managed, liquid etfs, such investors would have to enter into the mysterious derivative and option strategies world that are beyond most everyone's ability to actually understand. Indeed such strategies would almost never match your hedging/investment goals (and probably would expose you to substantial unanticipated risks) as well as a simple etf strategy.

Dear FINRA,

I have successfully used leveraged (3x) ETFs as part of my investment strategy for many years now. They give me a safer way to capture large movements in the market than trading options would.

For example, if you buy a call option on the SPX, that investment could go to zero if you don't time your trade correctly.

However, when buying a 3x leveraged ETF like UPRO, your investment will not go to zero unless the S&P 500 itself goes to zero (which would be the end of the world).