To FINRA,

The proposed changes are very restrictive. Individuals should be able to decide about public investments. I often use leveraged and inverse funds to reduce the risk of existing investments. There is plenty of information available on their risk/return profiles.

And what does one do with older clients, many of whom have invested for years? This approach would seem to be overly cautious and ridiculous.

I do not want the government involved in my financial decision making. I will succeed or fail on my own decisions. Thank you!

As an investor, I understand the risk associated with leveraged and inverse ETFs. These funds are a small portion of my portfolio. I also use them to hedge my investments and to seek enhanced returns. As an investor I should be able to choose the investments that are right for me and my family.

Please don't end or restrict our access to leveraged and inverse etf's. These etf's constitute an important part of many of our portfolios. Would you be making these changes because of perceived risk? These funds are FAR less risky than buying and selling options. Let us determine what investments are appropriate for us and our unique circumstances. Restricting these to an elite few would be undemocratic. I'm growing tired of those in authority thinking they know what is better for us than we do. Adequate disclosure is the answer in this case.

I have been successfully trading in leveraged ETFs for over a decade. I had not been able to save much for retirement but the leveraged ETFs have allowed me to catch up on the shortfall in a meaningful and substantive way. The use of leveraged ETFs is the very foundation of my trading methods. Eliminating effective tools from the market will be devastating to my plans and hope for a comfortable retirement.

DEAR SIR OR MADAM IN MY OPINION IT WOULD NOT BE PRUDENT TO INTIATE RESTRICTIONS ON INVESTING IN LEVERAGED FUNDS, EXCEPT FOR SOME REASONABLE NET WORTH CONSIDERATIONS.

Regulators do not need to further impact the ability of retail investors acting within the market. Cheap and effective access to leverage should not be taken away from retail investors. Unlike more complex derivatives there is only the chance of principal loss with leveraged ETFs - a HUGE difference compared to options. Leverage and lifecycle investing is one of the only ways that retail investors can get a leg up on the rest of the world. I was in grad school making 24k a year until I was 31! I had no savings because I had earned no income.

I have been trading in leveraged funds since last 5-6 years and my returns has been good. I do not want to give up this freedom.