It is an absolute outrage that a group of people who happen to have jobs regulating how people can invest their own hard working money who are now only allowing those elites who have a higher net worth than the rest of hard working middle class people is completely wrong and against Americas whole foundation of freedom and sovereignty. You dont work your whole life and build wealth because youre stupid and want the Government to control your decisions. Stop the proposed rule #22-08. Keep your government over paid position out of our pockets.

Comments: I do believe having transparency is important. Regulators have done great things in the past to clarify concepts that a layman does not interact with regularly. Thanks to regulators, banks have to disclose APR's with clients, ensuring that the risks are fully understood. However, I feel that this level of scrutiny is unwarranted, biased, exclusionary, and has an unfair impact on the retail investor. Every investment product has risk. It is made abundantly clear. Leveraged products are no different. It should be expected that an investor understands what they are buying into.

Stop underestimating the common investor. Using leverage is the only way to truly diversify without severely underperforming stocks.

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 you. You do not need to protect me from myself. Go do something useful and so not waste tax dollars chasing wild dreams.

I Should be the One Who decides which investments are Right for My Family and I , Not Some Regulator that does Not Even Know Who I am. Investments Should be Available to All of the Regular People in the Country , Not just the Richest People Which is a very Small Percentage of Us. I Thought This wasa FREE Country With EQUAL RIGHTS For EVERYONE, What Ever Happened to THAT !?!?

Comments: Back in the 1990s when I started it was quite common for people who wanted to trade leveraged diversified products to establish a mutual fund account at Rydex (now part of Guggenheim). There were other products which were similar at the time though I think most have closed. The most popular trading were the Fidelity Select funds which had a 3% load specifically to allow for more rapid trading of various types. These products don't not seem much different to me than the ETF broker based systems of today.

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 you. You do not need to protect me from myself. Go do something useful and so not waste tax dollars chasing wild dreams.

As long as people can go lose fortunes in Vegas, its absolutely asinine for you to try to tell people what they can and cant invest in. In Vegas, you're virtually guaranteed to lose money.. whereas with an investment, at least there is a calculable probability of profitability.

Please do not restrict the public's ability to utilize leveraged and inverse ETFs as investment vehicles. These instruments provide investors with great methods to hedge portfolios, enhance returns, and fine-tune an investment portfolio.

I frequently use these types of ETFs to mitgate downside risks, target specific sectors, and hedge against market risks.

In my view, the public should have the ability to make these types of investment decisions on their own, without interference from regulators.

Let everyone invest.