I am an individual retail investor and my family relies on proceeds from my investment activities for consistent monthly income. We are now fully retired.

We frequently rely on inverse and leveraged trading vehicles (ETF's), in limited appropriate amounts, to help meet monthly income targets. These short-term tools are absolutely critical to our monthly returns, as well as for our long term retirement goals.

It poses a severe threat towards market fairness. It's like locking people in home because of Flu, but except rich people. Retail traders or investors should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged funds are. If there must be something to be cancelled, option trade should be first

Preventing the investments of inverse funds would be unconscionable. If not illegal to prevent these types of investments, it will change the market in ways that will prove that we are only puppets and regulators are clandestinely altering the investment markets unalterably

Leveraged Funds are important to my investment strategy including enhanced returns.

I am writing in response to FINRA Regulatory Notice #22-08.

It is very important that individual investors be allowed to buy leveraged and inverse funds. I oppose restrictions
on my right to invest in any public investments. I should be able to choose the public investments that are right for me and my family. These investments should be available to all of the public, not just the privileged.

I not regulators should be able to choose the public
investments that are right for me and my family.
Public investments should be available to all of the public,
not just the privileged.

I shouldn't have to go through any special process
like passing a test before you can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks, and have for years

I have been investing since 1994; and got first into stock trading. However; after 2007, and especially when there were more funds available after 2011; it opened up the possibility to take advantage of fast/big drops, or trade of commodities; through a derivative fund. Even if they go against you; the prospectus and history charts allow investors to make decisions on whether historic contango/leverage could be damaging to them. They have the ability to liquidate their positions at any time.

In a free market it should be up to the individual investor not some back office bureaucrat trying to corner off the market for his wealthy elitist friends.

Leverage funds allow young investors to use leverage in a much easier way than to go through traditional means of leverage.

Stop doing favors for your wealthy friends, by cutting the market off from regular investors.

There are several trading instruments including futures and options. There are as or even more risky than leveraged ETFs. Investors and traders have to be in charge of risk there are taking. If someone wants to improve financial education, do it at school. Let investors think themselves as responsible adults.

Please do not limit/restrict my and other investors' access to L&I Funds or disqualify us from trading L&I Funds or other "complex products".

I do have a strong understanding of the characteristics and risks of L&I Funds, and that understand that their purpose is
for short-term active trading, and that they should be monitored regularly.

I get regular warnings from my brokerage firms in connection with your investments in L&I Funds, my and their rationale.