Investor should have a choice

I oppose any regulation keeping me from investing freely.

Don't take away investment tools for individuals. Such a move will only beneifit large investement bankers.

I am writing to express my opposition to increase regulation limiting the use and trading of reverse and leveraged securities. While these can represent a higher risk form of investing, they can also be an effective way for ordinary and yet well informed investors to navigate different trends and market environments. Efforts to limi this type of investing to the privileged few does not benefit average investors like myself.

I oppose restrictions on my right to invest. I have used leveraged indexes very successfully and see no reason to ban my ability to invest in these vehichles.

I oppose any regulations which limit my ability to choose any leveraged or not leveraged funds.

Leveraged and inverse funds are important short-term investment strategies which should be easily accessible to retail investors. Retail investors already have limited access to hedging besides bonds, particularly short-term hedges. Other hedging choices like covered calls through options derivatives are more complex than inverse or leveraged funds. Putting increased barriers for retail investment only hurts the average person. Lastly, there are already numerous warning signs about the long-term risks of inverse funds and leveraged etfs before buying these products

My experience over the last several years has demonstrated the value in modest and moderate usage of leveraged ETFs for ordinary investors such as myself. Fully aware of the risks, I have made significant gains which would not have been possible otherwise. Requiring these additional steps would cut off all but the wealthy from the benefits of these assets, forcing investment in instruments which are, in reality, higher risk than these in the hopes of achieving similar gains.

I have been a member and executive of the Chicago Board of Trade and served as the Chairman of the DOW Jones futures committee for 40 years. I believe it is in the best interest of if FINRA the SEC to allow inverse ETF products to be continued to be freely traded. It give the investors the ability to hedge risk of current equity holdings or there 401-ks

I strongly oppose restrictions on my right to invest in public investments.

I am thoroughly capable of understanding leveraged and inverse funds and their risks. I've been in the market for more than 15 years and have accrued a winning portfolio. Leveraged and inverse funds are EXTREMELY important to my investment strategies. I need to be able to choose the public investments that are right for me.

Public investments should be available to all of the public, not just the privileged.

Thank you for your consideration.