To Whom it May Concern at FINRA,

Ive invested in leveraged and inverse products for a long time. Over that time, Ive developed personal expertise and bespoke strategies attuned to my risk comfort level and funds.

Im depending on this as a way to fund my retirement. My investments from leveraged and inverse funds will supplement (not supplant) income from traditional IRAs, 401(k)s, and Social Security.

If I can no longer access my familiar products due to regulation, an important income component will be lost.

Don't abolish ETF's!

Leveraged funds are important to my investment strategy. I diversify my investments in the market as a whole and use leveraged funds to boost my returns. If I am able to invest in the S&P, I should be able to leverage that. I am well informed on how the leverage products work including decay. I implore you not to limit my ability to invest as I see fit.

I am a CFA charter holder and 25 years old, I hold a diverse portfolio within my company 401k plan which aligns itself with industry standard long term investing portfolios. The amount I place in my 401k is appropriate to ensure that I retire with adequate resources, even when using conservative forward looking estimates on asset class returns.

There is no reason to impose this restriction. Investors are already accepting risks when opening an account and imposing harsher restrictions only serves to make average investors have bigger hurdles to cross when it comes to returns over a long period of time. The free market should remain free, passing an arbitrary test does not mean someone is a better investor.

Stop putting more restrictions on average Americans trying to improve their financial security.

I oppose restrictions on my right to invest in leveraged funds and inverse funds. I should be allowed to select the investments that are right for me. Public investments should be available to everyone. I should not need to undertake any special process before I can invest in leveraged funds and inverse funds. I understand such funds and their risks. Leveraged funds and inverse funds are small but important parts of my portfolio.

Adaptation of the Chinese method of controling the individual investors?!

Dear regulators,

I believe, the US is a free country and it should be my choice of what I want to invest into and what not, not you. I originally came from a communist country where the government and regulators controlled and regulated every citizens' life. You are starting to remind me of those days.

Buying inverse and leveraged funds should be up to the individual investor not regulators. Should regulators have judged ARKK shares to be too risky and require special training in order to lose money in it? Should regulators require full disclosure, of course. Should they make investment decisions, of course not. If the regulators take away my ability to buy leveraged inverse investments and the market drops dramatically will they write me a check to cover my unhedged losses? Please try to make markets as free as possible. Disclosure good, government control bad.

I have invested in both leveraged and inverse funds for a long time. The leveraged funds increase my potential gain and inverse funds give me protection from downturns and I don't want the regulators to meddle with my investments unless they can show me investments that only make gains and never lose. Also, before proposing such regulations they should clearly state their objective and show us the facts and logic behind how the regulation will achieve it as well as their own qualifications and investment track record to formulate it.