My concern is how this rule would affect leveraged and inverse leveraged fund (TQQQ, SPXL, SH, etc.) - These fund allow me to obtain a desired exposure with a smaller capital commitment, freeing this capital for retirment expenses withdrawal without the need to sell anything. - These funds allow me to hedge existing positions in a simple, understandable way. - My brokerages do an excellent job educating me about and requiring my acknowledgement when utilizing these instruments. - I do not need protection from myself; I need the freedom to act for myself.

Please do not limit the ability for investors to choose their own path by using leveraged and inverse ETFs. It is one of the few ways that retail investors can easily and cost effectively access these strategies. It should be up to individual responsibility to learn about these investments instead of the government controlling the market.

Comments: I am not confused on these inverse and leveraged products. I know how they work and like trading them without having to worry about the risks about losing more on margin. It allows better participation from retail traders who are educated on the risks and rewards of these products.

No enhancements to current rules are required. It is the responsibility of the individual investor to educate him/her self on the advantages and disadvantages (AKA risks) of using these investment instruments. Claiming to be "confused" after incurring a loss is disingenuous and should not be considered a legitimate excuse unless the individual can prove that he/she was misled by an investment advisor.

Comments:I have been trading leveraged ETF's for years and do not want to see any additional restrictions put on these securities. Stop trying to fix something that is not broken.

Comments: Active investors are fully aware of the advantages and disadvantages of the instruments they invest in - most seek advice or read up on how they function. Exchange Traded Funds (ETFs) are by no means, whether regular or inverse, complicated in how they move with the indices or stocks they hold. The calculation of leveraged funds is complex; however, investors fully understand how they move with the underlying markets. Regulation might assist in protection from the asset's value being disproportionate to market moves.

VANGUARD STOPPED LEVERAGED ETF IN 2019 SO HAVE TO BEEN A HOLD INVESTOR OF SHARE I HAD OWN AT THAT TIME AT THE TIME PURCHASE SPXL WAS LESS 3% OF MY NET WEALTH SENSE DAY OF PURCHASE SPXL IS UP ABOUT 153 % SPY IS ONLY UP 59% BETTER OFF INVESTING 19000.00 SPXL THAN 57000.00 IN SPY IN DOLLAR GAINS

Comments: I have been using these type of accounts for awhile now. If used sparingly and watch closely they can enhance your porfolio. There is inherent risk, but that is with everything. These don't really move any different than any index funds. They allow you the flexibility and protection at times of turbulence in the markets. I would never suggest anyone putting a large percentage into any one stock or even index. So, use it to add to your portfolio don't make them your portfolio. That's exactly what Direxion says as well.

Comments: FINRA should stop trying to prop up the stock market and keep its nose out of retail trading. They are just trying to prop up what will be a dying stock market to protect all of the institutional investors. I urge them to back off and make no further changes to freedoms in the market. Let the market be open and free with no further interference.

I urgently oppose this rule that would severely limit my investment options.