To Whom It May Concern, The proposed regulation, while put forth with genuine intent is not fully appreciating the consequences. Needing to prove knowledge with testing requirements on a relatively basic product is overly cumbersome on an already overwhelmed regulatory body. These investment products afford retail investors an opportunity to participate in a more aggressive strategy to build wealth that would otherwise be unavailable to most.

Please do not limit my ability to invest in public investments just because Im not certified in some special way. These are for the public not just those special few who get to trade pre and post market while the rest of us can only watch. I am intelligent enough to learn then invest. The government need not protect everyone for every conceivable event. Investing is inherently risky and those who enter either know or are quick to learn. Thank you for your consideration.

I am extremely upset with this proposed rule as I want the ability to choose what public investments are right for me and my family, and not some bureaucratic regulator that knows nothing about me or my situation. I should not be forced to go through a bunch of ridiculous hoops and processes to be able to decide how I should invest my money. I am well aware of the risks of leveraged and inverse funds and I do not appreciate you treating me like a freaking moron. Leveraged and inverse funds are something that I only use rarely, but they are very important when I do feel they are needed.

It is an investor’s right to freely access the entirety of the public securities markets without arbitrary restrictions.... this hurts the small investor ...the small investor has very limited access to the market , and now you what to take that away .... just let the market take carer of itself ..... NO MORE REGULATION !!!!!!!!!

I, as an individual in the American public should be able to have access to public investments and such investments should not be accessible for only a few privileged groups. I should not go through special test before I can invest in public securities, such as leveraged and inverse funds. I am capable of understanding and acknowledging leveraged and inverse funds and their risks. These measures should not be imposed on us, individuals. These leveraged and inverse funds are crucial to my investment strategies, as they help protect my investments, and enhance returns.

Stop un necessary regulations

I strongly oppose any restrictions to my right to invest the way I see fit for my family!!

Reject proposed rule as would limit investors abilities to hedge their investments against mkt downturns!

Hi SEC, I am a regular investor, investing myself for my money growth to help my family. The 2x and 3x leveraged ETF's give me a brilliant way to carefully craft my strategies for investment needs. I use it very carefully with proper hedging and fully aware of the risks of the downside. It would be pain to see these products go-away from the marked for individual investors like me who is fully aware of the risk and use it carefully when appropriate with proper mitigation.

I'm a former registered investment advisor and was on the board of the National Futures Association as a CTA representative on the self regulatory body for the futures industry. I also served as an arbitrator on cases where clients were suing their futures brokers. In my experience over 45 years of trading, investors in the US have been handicapped in providing themselves strategies and products that can be used to mitigate risk or use to capture a return stream of their choosing. I have seen a steady flow of regulations over the years that give investors a false sense of security.