Dear FINRA, My name is Joshua Barnes, I live in Midland Texas with my wife & daughter. Im a part time retail trader, currently working full time in the energy field, with hopes of self retirement within 15 years. Part of my retirement plan consists of trading all kinds of revenue vehicles, i.e., common stocks, ETFs, stock options, leveraged ETF/ETN, etc. For what its worth, I do recognize the need for FINRAs legal/administrative involvement in retail trading.

Wish to use as a hedge in a portfolio.

I am well educated on the working of the stock market and it's various products, including leveraged and inverse funds. I don't need to pass a test or have the input of regulators on my investment choices. My retirement funds largely come from an annuity product at this time with minimal input of the investments. I use stocks, mutual funds and inverse funds to enhance and/or protect my total portfolio. I'm extremely happy with this process and look forward to use it without interference from the government.

I Work hard for my money and i will invest as I feel inclined.

Please do not further restrict investors ability to buy leveraged ETFs. I already had to sign forms making it clear that I understand the unusual risks of investing in these investments (e.g., TQQQ. TECL, TNA). Anyone buying into these products knows what they are getting themselves into. Please DO NOT try to protect us from ourselves! Thank you for your consideration. -Richard Voss

This is yet another example of regulation overreach, and as always, it will hurt worst the people who are already most disadvantaged. Ill keep investing as I want. I have a high net worth, and Ill pass your tests. Im motivated, educated, and investment savvy. I can continue to get 2-3% more per year through my judicious use of leveraged funds, which when compounded over decades makes an enormous difference in my financial future. Regulation on these funds will limit their benefit to the already privileged, like me. Such regulation is paternalistic.

I want to be able to choose what I invest in and I don't want you to take that right away from me. I previously transferred our money from Vanguard to TDAmeritrade because Vanguard enacted similar regulations barring investing in inverse and/or 3x leveraged funds.

I am writing to express my opposition to regulations that would hinder my investment in public securities, such as leveraged and inverse funds. Leveraged and inverse funds have been important to my investment strategy in the past as both a protective hedge and for periodically seeking enhanced returns. I have educated myself on the risks involved with said securities. I know how to use them.

Leveraged and inverse funds are an important part of my plan for providing for my family generationally. Do not get in the way of providing for my family with your regulatory overreach.

I bought inverse ETF during pandemic to hedge against the market downturn risk and back then there were no restrictions. Now given the huge risk in the market, Id like to have the same ability to hedge my portfolio against the risk in the current market environment so in a health market, short sales or inverse ETFs balance the risk.

I--not you or other regulatory authorities--should be able to choose the investments suitable to me. Attempts to regulate and limit access to leveraged and inverse funds only harm equal opportunity and equality and do not level the playing field for investors. Requiring investors to meet certain requirements before accessing these products is a violation of liberty and the American way of life. If investors can invest in far more exotic and volatile investments such as unregulated cryptocurrencies, why are you seeking to limit access to leveraged and inverse products. This makes no sense.