As an experienced investor who has successfully used leveraged and inverse ETF's in my portfolio for years, I feel they are a useful tool that helps me get the returns I need for a secure future. At times I use inverse ETF's to protect my other investments. At other times I use leverage when risks are low. I don't believe the concepts of leveraged or inverse ETF's are difficult to understand so there is no need to require special permission or training.

Please do NOT limit my ability to invest how I see fit. If there is no test at the polls to check your net worth, knowledge of candidates, or issues, why would you limit investment opportunities? These are public investments and shouldn't be limited to any group.

Leveraged ETFs provide great value to me in certain times when I need to hedge or take risks with small parts of my portfolio. Without them, leveraging with daily reset would be a lot of manual work I need to do every day and there is a tax drag. Please dont ban them

The rights of investors must be protected. It is the responsibility of the investor to educate himself as to what is a proper trading vehicle for the investor personally vis a vis financially. The brokerage firm in which I trade has transparency and risk disclosure for such short-term active trading. Direxion Leveraged and Inverse ETF Education Center is very good tool to guide the investor to make educated decisions in trading EFTs. Government interference is not proper and truly not welcomed.

This investment option is in important hedge during severe voltitally in the market

This proposal is an egregious regulatory overstep on the part of FINRA.
a) This is antithetical to American values of freedom and equality. Letting some access these products while presumptuously assuming that those without multi-millions don't have the knowledge or sophistication to use these products is incorrect and frankly and embarrassing stance for FINRA to take.

Comments: I find the recent discussions about leveraged funds silly. It's been discussed in detail on various online forums how leveraged funds are good for short term trading, and are also fine for long term investment *provided* the investor is sufficiently informed about the rules. See, for example, the famous "hedgefundie adventure." Yes, there is volatility drag, but the examples cited online involve contrived scenarios where the market goes up and down 5-10% per day, many days in a row. How often does this happen?

The "big guys" have enough power and tools already to influence the actions of the stock market and I believe in many cases individual stocks. It's important that individual investors have the ability to invest, or trade, leveraged investments and inverse funds to achieve their portfolio objectives. These vehicles allow specific sector investing, regardless of the market conditions, without excessive exposure to any one company in that sector. This strategy is important in mitigating risk, or to hedge against other positions, in both up and down markets.

I have 35 years of investing experience. I did not begin utilizing leveraged products until approximately 20m plus years of investing experience, with respect to invers products. I am a very experienced investor/trader. I neither require or appreciate regulator interference in my chosen livelihood.

Regulating these types of investments is detrimental to the ideals of a free market. I totally disagree with adding regulations around these types of investments.