I strongly oppose any regulation of trading inverse and leveraged funds. Fair warnings of risk and complexity have and should be given, but legal restrictions are an unnecessary infringement on freedoms.

This is a bunch of [REDACTED]. Do NOT let this happen!

Let me express my thought and feelings on the current issue: I, Takeshi Iida, 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 I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me.

As a short term tool, buying inverse ETFs can be very valuable, and can actually help traders achieve financial objectives that they can not either otherwise achieve, or would require the use of riskier derivatives. Obviously, assets do not always rise, so trading just the long side means forgoing potential profit when assets decline. Also, using inverse ETFs during declining markets acts as a hedging tool against losses when an investor is already holding long positions.

There is no need for regulators to be controlling how individuals invest their money. This is a gross overreach and (as most of these type policies do) favor the super wealthy.

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 privileged.

I should not have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks.

Leveraged and inverse funds are important to my investment strategies.

Hence, I do not want these measures imposed on me.

DO NOT RESTRICT OR OTHERWISE HINDER MY ACCESS TO LEVERAGED AND INVERSE ETFs.

I should be able to freely choose my risk tolerance as well as methods of hedging my risks and enhancing my returns. I should not be required to go through any special process to use leveraged or inverse funds. They are valuable tools in my toolbox to adjust my risk based on market conditions and portfolio.

Any test of specialized knowledge should be dependent on the specific investments being considered. The degree of investor awareness required to invest in a leveraged S&P 500 2X fund is suitable for many investors who are aware basically of the risks and have been informed of the proportion of net worth they could / should invest.

I have been investing and managing my own funds in the stock market for over 20 years. I want to maintain the ability to freely invest my portfolio in any US or foreign security, included leverage funds, without arbitrary restrictions. I, like most investors, understand the elevated risk with leverage funds. However, leverage funds serve their purpose when used sporadically and carefully. I, like most investors, dont want to lose that flexibility.

I oppose having restrictions placed on my right to invest in whatever public investments that I may choose.

I do not want to have any special process, like passing an exam/test, before I can invest in any funds. I believe it is my right to choose without these processes. I have been investing in leveraged and inverse funds for many years now and have been throught the good and bad that these funds generate. I do not want regulators imposing restrictions on me now.