Hello, As a retail investor, I oppose any and all limits on what I am allowed to choose to invest in. I understand the risk of highly-leveraged and inverse ETFs and other derivatives, and I invest in them and trade them with full knowledge of what I'm getting into. I do so at my own risk and for my own self-determined reasons, and I strongly object to any limits being placed on my ability to trade or invest in them.

I protest implementing any proposal to limit my trading in leveraged or inverse ETFs. I feel it is my right to invest my money wherever I feel I might get a positive return, especially during what I perceive as periods of equity or commodity ETF downturns. My only other choice during those periods would be to stay out of investments altogether and only earn inadequate interest rate returns. I do not see any intrinsic difference between purchasing a leveraged or inverse ETF and purchasing Puts and Calls, especially Puts, which are investments in downturns.

I should be able to choose the public investments that are right for me. Public investments should be available to everyone, not just the privileged. I understand how these products work and do not need oversight from anyone or having to pass a test to invest. Leveraged and inverse funds are important to my overall strategy so I have downside protection if the market tanks. Spend your time regulating the hedge funds that actually have a much bigger impact on the market than the small investor.

I am against your proposal to restrict my ability to trade because i have a number of strategies and i am knowledgeable about these products

Leveraged and Inverse funds are important. Big companies are allowed to do it so should the individual investor. My investment firm, TD Ameritrade, was very upfront that the fund I invested in was an inverse fund before I was able to confirm my trade order. Stocks and funds go up in value and go down in value. Individual investors should be allowed AND have the opportunity to invest in whichever fund they would like. Thank you for your time.

Dear sir or Madam, Although I appreciate the concerns for the well being of the citizens. I find more regulation on any investor infringing and destructive. I personally have a Ph.D. in mathematics. I spend great deal of of time assessing risks, creating models to make sure I am making the right decisions. Using leveraged funds is vial in leveraging, since you use a little bit of money to "take the opposite side" of your portfolio. Without it, one left without any "plan B" if his/her found themselves on the other side of the market direction.

STOP THIS INSANITY! DO NOT PREVENT ME FROM TRADING EFTs! It's hard to believe that another agency is again wanting to control/restrict me, telling me how and what to trade. I am 64 years old, have been trading stocks since 1998 (24 years now). I am the only one that should be deciding on the risk of whatever stock or ETF that I (not FINRA) am going to invest in. I am abundantly capable of making these decisions on my own, and furthermore should NOT be subject to taking exams to prove my knowledge in the industry. Especially on the inverse and leveraged funds that are available.

Do not restrict my investing of inverse funds !!

I enjoy the freedom of investing in leveraged ETFs. It allows me to reach personal goals. I have had more success investing in leveraged funds than in individual stocks.

This proposal makes no sense. We understand the risks of owning these securities. The leverage per se is not a distinguishing feature. Individual investors own leveraged securities all the time. We buy futures, options etc.. Leveraged funds are simply a packaged, and often much more liquid way to do the same. All this regulation will do is boost the profits of FCMs and increase transactions costs for individual investors. Is that the intent? Leveraged funds are a way for us as individual investors to hedge our bond and stock portfolios without committing a lot of capital.