Over the past 20 years millions of small investors have chosen to make their own investment decisions, and have invested time and money into EDUCATION. It's very clear that wealth has been consolidated .... to an unprecedented level ... and that trend is just continuing. Are leveraged and inverse ETFs risky investments? Surely they are. But with earnings (EPS) at nearly record levels, near-term volatility is inevitable. Let's keep these investment options open to everyone while focusing on education.

Investors should educate themselves before investing into any product no matter how simple or complex it maybe. Simply because people are unwilling to educate themselves should not mean that the remainder of us should be punished by prohibiting us from dealing with these products. Instead, a warning of some sorts should be provided for products where there is a concern regarding its complexity or riskiness.

I strongly oppose any additional limits on my ability to purchase leveraged funds.

This will take away an important investment vehicle from the average investor that uses a portfolio manager that does know how to use these investment vehicles

All investments are risky. But everyone should be able to invest their money how they like without having to pass a test or be among the wealthy elite. Let people make up their own minds about whether to invest in leveraged and inverse funds. The option should be available to everyone not just a select few. I have invested in a leveraged fund and it is but one portion of my small portfolio. We'll see if in the long run it turns out to be a mistake, but if it is, it will be my mistake and hopefully I'll learn from it. But again, any investment may turn out to be a mistake.

Leveraged funds are as much a part of the market as any other funds and to restrict trading from the public really is a slam on independent investors.
We should have access to the entire market, even more after hours where professionals trade and we do not have access.
Fait trading should really be fair trading. Currently it is not.
Leave leveraged funds alone.

I am very concerned that you are considering placing more restrictions on my ability to invest as I see fit. A perfect example is with the bear market we are now in, without inverse ETFs available, I would have no choice but to sit in cash. The deck is already stacked too much against the small investor. I understand the risks of leverage ETFs, but I have used them, and I consider them a useful strategy.

In a free society I have a right to invest where I please. Thank you.