VERY COMFORTABLE WITH THE FUND AND ITS OBJECTIVES, INFORMATION ON FUNDS IS EXCELLENT AND HAS PERFORMED AS EXPECTED

I have been using leveraged ETFs as part of an overall investing strategy. Leveraged ETFs give small investors access to leverage without the risk of losing more money than they invested. I don't think any further regulation is needed in this area.

FINRA -
I know what I'm doing and want to take my own risks. This is my money and if I lose it all, so be it.

I want to continue investing in leveraged and inverse ETFs.

Please dont take this ability away.

I strongly disagree with limiting the leveraged and inverse fund. Firstly, USA flaunt it is free market all the time. If regulators decide to do so, then whats the difference between USA and China. How can USA complain about the China is not free market? USA is not free market neither. Since 2020, FED has infinitely printed money in the name of saving economy to pump and manipulate the financial market to all the time high, which already hurt the credit of the dollar and nation. Secondly, folks have right to make its own investment decision.

Leveraged and Inverse funds play an important role in managing my clients aum. I use them to hedge in down markets like the one we are currently experiencing. I understand their role in an overall investment approach. I use these funds only under specific circumstances and only with high networth clients.

I need these alternatives in order to provide the most complete range of services to help my clients meet their financial goals. If they weren't available, there are not enough alternatives. Itd be like standing in front of a freight train with no way to get off the tracks.

To the FINRA regulators:

As an individual investor, I should be able to choose public investments without restriction. Leveraged and inverse investment vehicles are important to my investment strategy. For instance, in order to hedge long exposure in S&P 500 stocks, I might buy a call spread in the VXX ETN. I am capable of understanding these types of financial products and do not need to be tested by my broker or certified as a sophisticated investor.

I am categorically opposed to limitations of trading leveraged and inverse securities. No one but me should decide how I invest my money. I don't need babysitters when I make financial decisions.

To Whom It May Concern,

I strongly oppose the restrictions to my right to invest in leveraged and inverse funds. Leaving these types of funds in the hands of only "high net worth" individuals or brokerages only accentuates the wealth imbalance in this country. Being able to invest in inverse ETFs has safeguarded my portfolio from serious losses, while still being actively invested in the market.

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 don't need regulators baby sitting my decisions on public investment options.