You shouldn't have to go through any special process like passing a test before you can invest in public securities.
Explain that you are capable of understanding your
investments and their risks. Tell regulators you do not need
these measures imposed on you.

If people are too stupid too understand what they are investing in that is their problem, not the employees of the U.S. tax payers. Regulation should be used only in instances where predatory practices are taking place and can be proven in court. Regulation should not be used because stupid people lost money in risky investments. If you mitigate the risk in this area those stupid people will simply put their money in other high risk schemes that will burn them. Will that mean that you have to then regulate that arena as well? Where does it end?

Regulators should not choose what investors or traders can put their money to work. I have traded in inverse and leveraged ETFs and that is my choice and my risk. These vehicles are an important part of a trader's tools. Do not screw this up by denying traders the ability to trade these vehicle.

You should not limit my ability to invest in any fund I chose.
I invest in leveraged funds when the market index goes well below where I thin it should be and expect increased returns when the market recovers.

#22-08 will Kill Cryptocurrency, the freedom and anonymity of Cryptocurrency and it's Use is the attraction of Cryptocurrency

I oppose regulations that cut back my ability to invest in what I wish to invest in is not the government's business

I have seen countless people, both in my personal life and on the internet, lose money investing in complex financial products they never understood. Many times no explanation at all was available, and there was almost never a test to see if they could understand and retain an explanation if one was provided. I am only in my mid-twenties-- these people are meaningfully worse off for the rest of their lives. Please rein in the sophisticated salesmen of these financial products.

These leveraged and inverse funds allow me to hedge my portfolio and run long/short portfolio without options or margin. Investing should be available to all of the public not just the privileged. How about you start by regulating members congress and central bankers for insider trading. More regulations rarely fixes anything you will just cause more problems.

I am infuriated about the current proposed FINRA Rule #22-08! I, not some buerocratic regulators in Washington, D.C. should decide where, when and how I invest my money. It is my money, that I have earned and that I fully am aware of the potential risks, pitfalls, benefits, and otherwise that I put myself in when I invest in any investment - traditional or otherwise. I should not need to jump through hoops or meet criteria that people who don't know me set to be able to invest my capital.

The government should not be creating protected groups which have more rights than any other group.