Comments: I feel that the majority of investors that have made inquiries to me about these leveraged and inverse funds do not understand the risk involved.

Citizens who believe in the United States' future as a prosperous country should be able to freely invest in leveraged and inverse portfolios. Inverse portfolio can hedge against a down market, saving investors money.

Too late to regulate after many individual losses.

To Whom it is concerned.

I oppose restrictions to my right to invest.
I understand cryptocurrency funds are new and should be regulated for an even playing field to all investors. If interested, we can find that information of crypto investment on our own. We should not be tested for a specialized investment knowledge test. Almost all other investments are available to whomever wants to invest their money without a test.

Comments: Funds of this nature do not act in a predatorial fashion. Clients are provided materials to educate themselves of the risk associated with them. It is of my opinion a restriction is not warranted, investors should have the ability to use them as fit for there investment objective.

I shouldn't have to pass some kind of test to invest in inverse funds. I am educated and capable of understanding leveraged and inverse funds, their risks, and their ability to hedge my investments when used as a part of my overall portfolio strategy.

I originally used these leveraged funds in several of my watch list portfolios where they outperformed the portfolios without applying them thus convincing me of their benefit. I definitely would not like restrictions applied to them.

Comments: I think that L&I funds should still be readily available to retail customers without restrictions. I have done my own due diligence, as I think all investors should, in regards to understanding the products and if they are suitable for me. I understand throughly that leveraged products are not meant to be utilized for a long term investment due to the negative drag built into the products. They should only be use as short term trades.

Individual investors NEED access to ETFs, and taking access away is against American principles of a free market. ANY investment carries a risk, and by eliminating access to ETFs you are not eliminating risk, you're simply transfering risk to another asset group or to another institution/agent which, by all accounts, is NOT a better solution for the average investor.

Thank you.

I would like to make my own investment decisions.