Im not certain about the rationale behind your proposed limitation of trading leveraged exchange traded funds.
People can open options accounts and lose money very quickly. And these accounts exemplify confusion. Condors, straddles, bow ties, synthetic buys, etc.
People can open futures account and lose money very quickly.
People can open Forex accounts and lose money extremely quickly.
People can open bitcoin and other cryptocurrency accounts and lose money very quickly.

Sir or Madam,

I would like to object to the possible new regulations concerning under what circumstances some investors may be prevented or limited from trading leveraged and inverse ETFs. Specifically:

Pass a regulator-imposed test of your specialized investment knowledge
Demonstrate a high net worth
Get special approval from your broker
Attest to reading certain materials
Go through cooling off periods during which you cant invest

OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST

The ability to trade inverse and leveraged investment vehicles as well as closed end funds, volatility assets, stocks bonds and options are all equally important to me personally! Regulators should not be able to determine what I as a long term sophisticated investor should be able to trade. There is no reason to make me subject to any special process or approvals, I have been using them for a couple of years and understand the risks associated with all of these investment vehicles. I understand the use of leverage, maybe better than our govt!

I have been responsibly using leveraged and inverse funds for over 10 years and they have helped me prevent higher losses in market down turns. I have invested wisely for almost 30 years to qualify for this ability while never having an AGI over 100k. Please keep them available.

I am a Financial Advisor with LPL Financial and have been in the business for over 30 years. I have been using Proshare inverse ETFs with client portfolios purely as a hedge in accordance to LPL firm guidelines and limitations. My clients are generally pre-retired or retired folks, none of whom one would categorize as super rich. I comply with firm requirements and limitations related to the use of inverse ETFs.

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. Removing these ETFs could potential force me to yet riskier investment vehicles like options trading.

I OPPOSE THE RESTICTIONS.

I, but not regulators, should have the choice in how I spend my hard earned money. If regulators are concerned about misinformed choices, they could simply inform the public about the products they are buying instead of restricting their access to the leveraged funds.

I'm astounded that you would attempt to limit access to leveraged funds on on regulated securities through registered brokers on public regulated exchanges, while doing nothing to restrict trading of unregulated, crypto currency in speculative ponzy schemes, that are wildly volatile, and subject to blatant market manipulation with pump-and-dump as a regular practice. This is the height of stupidity in regulation.