Regarding FINRA Regulatory Notice #22-08, putting what said notice of preventing potential buyers of leveraged and inverse funds means to individuals already holding such positions: When and if valuations of normal Wall Street stocks crash or tank, those already holding positions of leveraged and inverse funds will either not be able to profit or recoup from potential loss.

I'm 62 years old and I made my first stock purchase in 1978. I completely understand the risks associated with buying and selling listed securities, including inverse and leveraged funds. If those securities are reserved only for a select group of investors, the professionals and very wealthy have an even greater advantage in the public markets. It is especially important to have inverse and leveraged funds during bear markets. The diversification of these funds removes the risk of shorting individual securities or speculating in calls and puts.

- Public investments should be available to all of the public, not just the privileged.
- Leveraged and inverse funds are important to my
investment strategies. They can help me
protect (hedge) my investments or seek enhanced returns, and I may use them as a limited part of my overall portfolio.
- I also shouldn't want to go through cooling off periods during which you cant invest

It is time for big government to get their nose out of my business, the public's business and the states business. This has gone too far now, government is too big and wasteful. We, the people have had enough interference from the most incompetent people (congress) when it comes to finances. It is government who needs to be controlled financially, and not the people. Our debt is so high we will never be able to repay it and it keeps growing through wasteful spending. No thanks, not interested..

I know that for most investors leveraged and inverse leveraged funds are a bad thing. But I *am* capable of understanding the associated risks. They give investors the chance to make investments which would otherwise be impossible.
Having perceived that interest rates have been *way* too low and that they would almost certainly reverting to mean, I invested money in TBT ( ProShares UltraShort 20+ Year Treasury ETF ). It's up 50% since the beginning of this year. Now you're telling me that I shouldn't be allowed to perceive such imbalances.

it is my right to buy leveraged fund

Do not regulate my ability to invest in stocks

I believe I should be able to choose the investments I want to invest in without special processes imposed by regulators. Leveraged funds are an important part of my overall investment strategy, and allow me enhanced returns for a limited portion of my portfolio.

I believe access to these funds should not be limited, but I believe an understanding of the risks associated with their purchase should be affirmed by the purchaser. I am a retired Registered Investment Adviser and use inverse and leveraged products to hedge my personal accounts. This is an inexpensive approach to hedging that does not involve options trading. But I believe the ownership of these products has limited use and that they should not be held long-term in any account, due to price degradation when market indexes are relatively stable.

I strongly oppose the proposed restrictions and regulations currently being considered. I believe that I should be able to choose the investments that are best for me without hinderance from government regulators. My investment in leveraged funds are an important part of my investment strategy. I should not have to pass any tests or demonstrate my understanding of leveraged funds and their risks. Current explanations of leveraged funds and their risks are adequate.