I do not need any governing body deciding for me how to invest. There didn't seem to be any concern over how retail investors spent their money in the stock market until January of 2021. Institutional investors repeatedly creating systemic risk by their gambling with derivatives are an actual imminent threat to our markets. They are the ones who need significantly more regulation and criminal penalties for their flagrant misconduct. Retail investors do not need to be treated like children, we do not need a test to prove knowledge about investing.

I am a retail and self-directed investor mainly trading and investing in US listed leverage & inverse ETFs and associated exchange traded options. I am also a finance professional with work experiences in investment advisory on vanilla and structured products, including equities, fixed income, interest rates and currencies, in overseas jurisdictions outside of the US, and hold MBA and CFA qualifications. My opinion is going to centre around leverage & inverse ETFs & options, and regulatory balance between protection and investment democratisation for retail investors.

I believe we (the investors) should be responsible for making an investment based on our own risk and reward analysis.

Limiting the public's ability to buy leveraged and inverse products is unnecessary and does a profound disservice to the average investor. These products serve an important role far beyond speculation. Inverse funds are extremely useful for hedging and protecting long term positions, and for many retail investors, are mathematically simpler and more straightforward than options. And re leveraged funds, mechanisms obviously already exist for brokerages to require additional margin for securities with greater price volatility.

Stolp all there stupid regulations. If people have funds they want to invest, the government should not be allowed to tell someone how/or how not to invest their funds.

I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST!
I should be able to choose what I invest in for my family, not by regulators overstepping telling me what I can do with my money.
I should not have to go through any special tests before investing in securities.
I should be able to diversify my portfolio with the investments that best fit my plan, not regulators plans.

Having the flexibility to invest in these types of products is critical to my success as an investor.

Everyone has the right to invest! Stop trying to keep people in a low income status. Families have the right to invest for their children. Stopping everyone from investing is income discrimination.

Please consider the rights of the general public in investments. It should be my right to invest in what I feel is the right package for me, not FINRA.

Investing should not be determined by how many billions you have to invest. We all should have access to invest as we see fit, or are able to use our assets in the way we would like.

This comment is reference proposed FINRA Regulatory Notice # 22-08. I am against any regulation that limits my ability to invest in any mutual fund, ETF or stock. This includes mutual funds and ETFs that are leveraged or work inverse to a particular index. I am capable of understanding the risks, and rewards of these type investments. We do NOT need another regulation! Bill Hiemer