Dear FINRA Committee Members, Please do not impose trading restrictions on “Complex Products.” I am a retired public employee who has been investing for over 25 years, managing a ROTH account, 457 plan account, as well as a retail account. I sometimes use ETFs, including inverse and leveraged. They are an integral part of my investing toolbox. I am not a high net worth individual and desire to maintain access to these vehicles for when I deem them appropriate for my needs. Yes, these instruments are risky, but I cannot name a single riskless asset.

AGAINST regulations targeting only the poor. These proposals exclude the poor, to the benefit of the rich. With market volatility increasing, these leveraged products are a way to benefit all investors, not only the privileged elite.

I do not support the proposed restrictions for complex investments. Each individual investor should be able to do their own research and decide what they want to invest in. This is just another over-reach by the US government, we are all adults and should be treated as such.

The nature of your request of public comment on an overy complex form of writing is itself an attemp to silence and disregard the voice of the retail. I lose more and more confidence in US investment products and insititions the longer this goes on. I am very disappointed in this type of open deception and attempt to disclude and disenfranchise retail investors.

As an educated & well-researched "retail" investor, I find this legislation incredibly insulting. The condescending essence of the idea that I am not capable of understanding the risks of leveraged and inverse ETFs is disgusting. Such ETFs have allowed me to outperform the major indexes through the bear market we are currently going through, and without access to them retail investors would have had no other choice than to go to cash which would further exacerbate the stress on the financial markets in an already stressful period.

Comments: caveat emptor....

Banning retail investors from trading certain instruments is like like throwing an abuse victim in jail to protect them from their abuser. The only reason that this instrument performed so poorly over the last 2 years was the excess liquidity in the markets, and the pump and dump scams often indoctrinated into CNBC viewers. Over the year or so, we’ve witnessed the collapse of Melvin Capital, Archaegos, the fund in China that was short on Nickel, and Bill Ackmans foolish investment in Netflix. All of these instances saw billions of dollars of wealth destroyed.

As an individual investor who has invested in complex instruments for years, I am opposed to these regulatory controls. They are over-reach by the government on the assumption that people are stupid and should be ruled rather than have the freedoms. The barrier to these instruments will not only create obstacle for investment, it will dramatically increase the cost to access these instruments as middle people are added.

Comments:I am a long term investor that prefers to use leveraged products to lessen my exposure to individual stocks. The risks have been made very apparent by my broker.

Not all retail investors lose money.