Gentlemen: Do not close the very valuable tool of leveraged ETFs. They are useful in all kinds of hedgeing and investment strategies. They are also a terrific balancing tool in tamping down wild swings in the markets. Respectfully, Tom Watts, Nstaragdiesaples, Fl.

I not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. Leveraged and inverse funds are important to my investment strategies.

I have the right to choose the investment I want to do.

Inverse and leveraged funds are a valuable tool for an investor. Some brokerage firms have already refused to trade these in order to "protect the investor". I am a 76 year old retired teacher/mathematician/programmer. I have enough fixed income to retire comfortably. But I have lots of savings that can not earn a reasonable income in the current market and low interest rates. Over my lifetime, I have traded stocks and learned the ins and outs of trading of trading leveraged funds. These are less risky than trading options.

I am a disabled individual who has managed to support myself and my daughter for the last 5 years by trading stocks. During that time my net worth has never exceeded $150,000. THIS WOULD NOT HAVE BEEN POSSIBLE WITHOUT TRADING LEVERAGED ETFs ! My brokerage (Fidelity) Required that I read and acknowledge a very stringent warning about the risks before allowing me to trade these securities, and requires me to acknowledge it every time I trade a leveraged ETF. Stop the totalitarian nonsense

I have been investing in leveraged and inversed funds, as one of my strategies, for over twenty years and have a very good understanding of my investments. Now, with your proposed rule, you are taking away my freedom to select how I invest in a well respected investment selection. If you want to control, which you seem to want to do, go after crypto, because it is going to cost investors big time in the end. My broker requires me to sign a waiver, that states I understand the risk when I invest in a hedged fund, that has been and should be enough.

I oppose limitations on my rights to buy the funds

Investing is risky by nature, however the ability to use leveraged and inverse funds as a component of a total portfolio allows me to make considered hedges when there is volatility in the market or when the direction of the market seems clear. I am opposed to the proposed regulation and believe that it will place an unnecessary burden on ordinary investors while providing an edge to institutional investors. Please do not pass this regulation.

I use leveraged inverse funds to hedge my portfolio during times of market turbulence. This means I eliminate volatility from my portfolio during volatile times. I am able to do this with leveraged funds and reduce the amount of margin I may need to use since the fund is leveraged at a better rate. Please let investors make this decision for themselves.

I strongly oppose limiting access to public securities for the select few who pass unnecessary tests. The public is perfectly capable of reading and understanding a prospectus and the associated risks and making wise investment decisions for themselves and their families. The securities under consideration for additional regulation such as leveraged and inverse funds are a key strategy to my family's plan to reach retirement with the necessary means. They are critical to enhancing returns to speed the process of compounding.