Dear FINRA Regulators,

As an individual investor and financial advisor who is competent in understanding the complexities of investing in leveraged funds but does not hold what would be considered a high net-worth, I appose this action.

Over the years, I have spent thousands of dollars, if not hundreds of thousands of dollars, to buy insurance and rarely received any financial return on them. Those thousands of dollars have gone down the drain although I did acquire peace of mind when I had them. I did not have to consult with anyone or get permission from anyone to buy insurance. That same thinking goes for leveraged and inverse funds. They are a source of insurance for me and provide peace of mind. At least there is a possibility of financial return, unlike my other forms of insurance.

As a retail investor I believe the public has the right to make informed choices to invest in leveraged funds and not to have this ability restricted.

I not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. Leveraged and inverse funds are important to my investment strategies. I use them to protect (hedge) my investments or seek enhanced returns. I use them as a limited part of my overall portfolio.

Please do not limit my ability to trade leveraged ETFs. I have made money on these trading tools in the past and if I cannot use them in the future I will not be severely limited in my time horizons for growing my investments. If you want to regulate these trading tools I would advise the regulators to require an online training certificate for new traders of these ETFs. Then the traders can't go back and complain when they lose their money.

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

Leveraged and inverse funds are important to my investment strategies. I use them to protect (hedge) my investments or seek enhanced returns. I use them as a limited part of my overall portfolio.

FINRA, as an experienced investor (or even as a new investor), I should be able to pick what I invest in. All investors know that they have to do their own due diligence before investing/trading. Doing due diligence has kept me from investing in some leveraged or inverse funds because they weren't what I was looking to hedge or were outside of my expertise. No one had to tell me this or protect me, I was able to figure it out myself. I have a college degree in accounting and am sufficiently capable of reading and understanding documents about what the investments are meant for.

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

Leveraged and inverse funds are important to my investment strategies. I use them to protect (hedge) my investments or seek enhanced returns. I use them as a limited part of my overall portfolio.

The last thing we small investors need are more obstacles to further limit what is available to us relative to the privileged and affluent. These regulations make an already laughably uneven playing field nearly impossible to manage.

What you will have are sitting ducks that can only move forward pitted against sophisticated investors that can move 360 degrees. Stop the madness.