This is tyranny and we the people will not stand for it.

To Whom It May Concern, I have been using leveraged funds such as FAS for many years that are important to my investment strategies and that helped me to seek enhanced returns. It is my belief that as investors we should be able to choose the public investments that are right for our family without going through any special process like passing a test.

This is an idiot attempt on my investment freedoms.
This is one of the best ways to invest in a down market environment. I have invested in inverse funds for many years
now and know their risks and benefits.

No riskier than margin accounts and options trading. It's my money, let me decide.

Please do not regulate how, and in what I may trade, invest, speculate, etc. I do NOT need BIG Brother telling me what I can or cannot do. There are already too many regulations interfering with my life. Find something else, and someone else, to hassle.
Sincerely,
Jack Schannep
EditorEmeritus
TheDowTheory.com

Please leave your hands off my money

Public investments should be available to all of the public,
without passing tests to invest. We should be able to decide what is right for us and our family. We do not need additional measures imposed on us.

Uphold the free market

I oppose restrictions on the right of investors to invest in leveraged and inverse funds. It is important for investors to be able to freely choose their investments without the onerous burdens of having to clear regulatory hurdles. Each investor should have the right to decide for themselves how to best use public investments in achieving their goals. The more free choices of investments available to investors, the better. The public disclosure system that has long been in place for public investments is good as it is and should remain as it is without any new restrictions.

There are many reasons this would be an abomination, but I will just go into one. Since the beginning of the NYSE, people have been fighting to democratize the market and make it accessible to all. It is in everyone's best interest that the market is accessible to all. This rule change would destroy all the work to make the financial markets accessible to all, regardless of status, race, class, etc. Why should someone have to be from wealth, and pass a test, just in order to properly hedge their portfolio with inverse funds?