To Whom It May Concern:

I manage a number of family investment portfolios. I am a CPA, Attorney and Computer Scientist. I have been investing in stocks and bonds for approximately 56 years.

I prefer leveraged inverse funds (LIFs) to Stock Options to hedge short-term market volatility.

Please restrain from restricting the ability of average retail investors access a variety of funds. Let the investors make their own decisions at their own discretion!!!

Leveraged and inverse funds are a more cost effective way to implement certain strategies in my portfolio. Without these funds, myself and other investors would have to move to other products such as using margin with my broker or put and call options to achieve the same effect. Please do not reduce my ability to invest or the amount of options I have in investment products.

I should be the sole decision maker on my personal investments. I do not need my qualifications judged by regulators.

Peter St. John, Ph.D.

Since this is a free country (USA) we should be able to make our own choices for investments. I do not need someone to test me to see if I am capable of understanding these risks. In fact I have purchased some of these and have been restricted from further purchases when I have tried to average down thereby locking in bigger losses rather than turning them into profits. They will go up and why should I not be able to take advantage of that when it happens.

Comments: Good day. I am trading the leveraged ETFs after spending long time of learning about it. Now I am successfully trading these ETFs and making money. If these ETFs are no longer available to me for trade, that will be a great loss for me. If someone trading leveraged ETFs without knowing about the risks, its his/her responsibility. Why I should be punished for others action. I also see restricting leveraged ETFs is a overreach regulatory action and discriminately hurt some investors. Rather authority should take initiative to educate new investor about the risks.

Dear FINRA: I am 100% behind your efforts to simplify regulations, level the playing field, and tighten down these abstruse financial instruments that allow the financial industry to poach on US citizens.
Our current consumer financial industry is comprise of grifters, lowlifes and future criminals whose only skill is seeking and creating instruments that bamboozle everyday investors.
Their decades-long campaign of cheating and stealing from the American public must be stopped, with the most decisive legislation and regulation possible.

I use leveraged and inverse funds sometimes to hedge or balance positions or respond to geopolitical changes: it is difficult enough to profit in the market without more unnecessary regulatory hurdles I have not encountered any of these ETFs that were especially opaque, hard to understand, or misleading: these products' labels do not need to be any clearer than they already are, nor do I want or need any agency giving me a financial IQ test or a means test(as you do for pattern day trading).

I honestly don't understand why regulators should be the ones to choose what the right investments are for me? Who are these regulators and what do they know about my needs? There is already too much oversight and regulation in our day-to-day lives without adding to it.

I should be able to choose the public investments that are right for myself. Public investments should be available to all of the public, not just the privileged.