The government doesn't have the Constitutional authority to tell us what to spend out money on! IT'S OUR MONEY! Wanna find out the consequences for violating our rights? Keep pushing! You'll find out! QUICK!

One of the best parts of a free society is the ability to make your own decisions and none more important than financials ones. I have been investing for over 30 years and the ability to do that and to choose my investments has resulted in my financial independence. I am not a trader, I am a long term investor and holder of leveraged funds. I am my own advisor and do my own research and I take responsibility for my investments. I find it a huge overreach to attempt to limit my ability to make my own investment decisions and interfere with my financial independence.

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.
You not regulators should be able to choose
the public investments that are right for you and your family.
Public investments should be available to all of the public,
not just the privileged.

I assist my retired mom via dividend income investing to supplement her SS benefits, and your contemplated imposition of restrictions to invest would, in practice, forbid me from investing on her behalf because she would not be able to pass those tests on her own.

This year, I used leveraged and inverse funds for my mother's account and met her financial objective. If these tools are pulled away from her, then it would drastically reduce her standard of living because her SS benefits aren't sufficient to meet her daily needs.

I will put this as PLAIN as l can. In PLAIN English, Take Your Hands Off Peoples' money. Money Grubbers.

It's none of your business. Period!!!!

I have 10 years of experience as a Financial Advisor and 5 years as a CFP. I have the knowledge and experience to select my own investments and I dont want to be directed by a regulator who doesnt know me. Leverage and inverse funds are very important to me to hedge other investments from adverse market moves. Leave it up to the individual broker and the investment firm to help the client what investments are best for the clien.

Leveraged and inverse funds are risky but can be rewarding, so investors should be allowed to make that decision not the government. Please respect my right to invest accordingly. Thank you.

To FINRA proposed regulation 22-08: sirs, I am an individual investor and have managed my own investments since I was 18. I am now 69 and invest in stocks, bonds, REITS, Options, and direct investments. I invest in opportunities that are publicly available and make my own evaluations. Restricting these investments by regulating hoops for me to jump through does not protect me, it just discourages investment. Further, the proposed regulation will favor the brokers, traders and investment banks that are presumed to qualify vs the public that must prove they qualify.

I submit that the current controls of the brokerage company when any investor invests in any leveraged ETFs / ETNs are adequate.
1. Every investor when trades in Leveraged ETFs / ETNs mandatorily signs the Designated Investments Agreement that clearly states the risk & the qualification
requirements.
2. Every time the investor places order of any Leverages ETFs / ETNs, the system displays a warning about these products.

The above measures are adequate to educate / safeguard the investors.