I absolutely do not support the one day hold rule for leveraged complex products. There are viable leveraged strategies that are far more simple and efficient for retail investors that require holding these products for much longer

The general public is already warned enough on leveraged ETFs that there is no reason for additional regulations and warnings for individual retail investors. They should be able to risk their hard earned money in ways they see fit for themselves. Individuals should have a right to use financial products they see fit to use in order to achieve their short term financial goals. Adding additional regulation will only hinder, not help, individual achieve their goals. I urge Finra to keep the status quo on leveraged ETFs.

Honestly it's fine the way it is. It's not that complex for most investors. No one should be buying things they don't understand. That goes for appliances too and we don't have to take a for those. Casinos have complex rules for some and again - no tests required.

I would be categorized as a "retail" trader. The assumptions being made in this proposal are insulting, it wrongly assumes so called retail traders are uneducated in many of the products named in this proposal. The assumption non-professional traders lack understanding of these products is not what I see on a daily basis. I trade with hundreds of other traders in a Discord chat room and see a consistent regular progression by new traders who join.

More education is great, but you can't just call everyone dumb and treat complex products as some kind of magic. There are great recourses on the Internet where people can learn about them and understand most with half a brain. Looks like all these "financial experts" got scared losing their jobs and now want to limit people's access to options etc. so they come back to pay them for guidance. This stinks.

TD Ameritrade has a golden standard disclosure that the investor is required to read and sign before buying and selling Leveraged ETFs. Requiring all brokers to do the same, essentially, solves any problems that may be faced with educating a retail investor that a 2x/3x ETF can gain or lose 2x/3x times what it is measuring. Therefore, the investor knows it's not suitable to hold for any extended period of time, which is also documented in the disclosure that the investor is required to read and sign, if it went over his or her head the first time around.