Im writing to provide strong rebuke of FINRAs Regulatory Notice 22-08 and its attempt to limit investors/traders (I/Ts). What FINRA is proposing is tantamount to treating I/Ts like immature children. Its highly evident in the statement FINRA released: However, important regulatory concerns arise when investors trade complex products without understanding their unique characteristics and risks. Like complex products, trading in options may pose risks if investors do not have the financial experience to understand options and options trading strategies.

I have employed Leveraged ETFs for the past year without difficulty or undue financial damage and would like to have continued access. I did not (and do not now) have problems understanding the nature of these investments and do not want to pass a test to continue using them, especially by some person or automated "grader" that is not personally acquainted with me.

We are in the dawn of the empowered, intelligent investor and these restrictions are a clear step backwards in empowering the individual to make choices for their own financial well-being.

Leveraged funds have allowed me to seek enhanced returns without the need for obtaining further credit. This was incredibly helpful when I was younger and had less ability to obtain credit lines for this purpose. Inverse funds also allow for a much easier ability to diversify and hedge my investments, without needing to enter into more complicated options.

The stock market should be open, transparent, and only minimally regulated to prevent predatory or scam-like investments. People should be generally free to invest in whatever they choose whether that be bitcoin, inverse funds, "traditional" funds, individual stocks and bonds etc... etc... Why don't you spend more time investigating, or regulating, why and how nearly all politicians become wealthy while working for the US citizens?

This ensures that the small guy will be held back and gives the institutional players and family offices with inter-generational wealth an unfair competitive advantage.

It is demeaning and offensive that this bias was conceived and is being actively considered. The small investor is the strength of our nation and should not be belittled or marshaled as naive and uneducated children. Perhaps their is a more sinister and nefarious reason for this consideration, where there is smoke there is fire. I pray that truth and fairness for equal market access prevails. In this regard, I herein respectively request that you vote no.

The reasons I am opposed at any further regulations that restrict my ability to trade in securities of my choice is that it would limit my ability to offset the volatility of many of the securities I choose to trade. I am able to determine my risk levels and leverage levels when trading and I oppose any special process you may be considering, such as tests. I do not need to be hampered by any measures beyond what is currently imposed. Reverse funds are extremely important to me and should in no way be restricted.

I have been trading 3x leveraged and inverse ETF's for many years because it allows me to go long or short without having to open a margin account. It's no different than trading any unleveraged stock, as long as you just divide your investment dollars by 2 or 3 depending on the leverage multiple. Please don't add any restrictions. It works great the way it is, and it allows people to use less money to make a nice gain.

Hands off our freedom of investing. We the people should be able to choose the public investments that are right for ys and our family. Public investments should be available to all of the public, not just the privileged.

I understand the risk of leveraged investments including leveraged and inverse funds. I think it should be my personal choice. these investment/speculative invested can help me hedge my risk just like a pro's. I prefer to decide for myself what I do. Not a government agency. Goverment/FINA/SEC should focus on fraud and illegal activity.