Not all retail investors lose money.

The current regulations on "complex securities" is adequate. FINRA and SEC doesn't need any further new regulations in complex securities. These complex securities have the same risk and volatility as buying a individual stock. Geared ETF and Inverse are for advance investor and trader. The current agreement with brokers is adequate. I studied geared and crypto trust for hundreds of hours. These funds are monitored daily like individual stocks and thematic ETF. If the regulators want to really address market risk.

I as a Investor understand the risks involved in L&I funds before investing on them. So no need for restrictions on these funds. As 90% of stock market scrips are risky anyway, I do not see any problems with these direxion funds. Please do not make any limitation on these. Thanks.

I am a retail investor and have been trading various of these “complex” products for well over a decade (leveraged/inverse ETF’s and options). I find the premise of this Regulatory notice to be highly suspect – that retail investors are not sophisticated enough to be able to trade these PUBLIC instruments and should have sufficiently high impediments put in place to discourage or bar their use ( i.e. Restrictions or limitations on retail customer access to complex products (e.g., limiting access to high-net worth or other categories of customers)).

Comments:Direxion 3X/2X Leveraged funds when used judiciously and produce outstanding returns. For example purchasing them when they are significantly -80%-90% down. It is a better alternative than the options market.

Comments:FINRA should restrain from limiting access to leveraged funds. These funds are suitable for any investor that understands how leverage can be effective in achieving a financial goal. Obviously these funds are more for short term trading so the trader should be vigilant. Long term inexperienced buy and hold investors are better served elsewhere. Any investor should have access to these funds, it is the responsibility of the investor to understand the risks of investing and of trading. Government should not stand in the way to limit a persons capability and success.

please don’t close or restrict leveraged ETFs. Those are for many years and people made money. If you saw a risk on those you should take action when market was hot during November 2021. Retail investors like me lost money on stock market. If you close or restrict trading thess probably I will not get back my money. I think this is a regulatory scam. Request your kind consideration to have those leveraged ETF to run as it is

Please do not continue to underestimate retail investors. The arbitrary 25k day trading limit, among others, already causes untold damage to retail traders who now have arbitrary limitations on what they can do because they're "too poor to play" which is blatantly discriminatory and frankly I'm surprised it's legal.