I'm writing because I'm invested in funds such as BITO. It has come to my attention that FINRA wants to regulate these in such a way that investors are required to become accredited, pass tests, get special approval, cooling off periods, etc. I disagree with this and believe anyone should be allowed to invest in public securities with their own money, without government scrutiny. Laws like these only hurt small investors and widen the gap between mega rich and middleclass citizens.

We must retain the ability to invest in a wide variety of investment products including those based on the crypto industry.

As a 'retail investor' I support these measures. I have investments with professional financial advisors/brokers as well as my own self guided investments. I can honestly say if I were to get into complex products such as options, leveraged funds, etc I would not understand the true risks I was taking. I trust my financial advisor/broker to understand and manage these risks, so I would prefer to not lose the opportunity to participate in these types of products through them as a fiduciary.

Do not further restrict normal investor access to specialized etfs and funds. We are already cut off from daytrading unless we have 25k in assets and have limited access to online funds requiring accredited investor status (200k income, 1 mil in assets) if you further restrict access to products such as etfs that provide access to commodity, cryptocurrency, and leveraged equity or currency exposure you are limiting access to small time investors and we may never be able be able to catch up just using index funds tied to the S&P and bonds.

I do not believe that there should be any special regulations for individuals purchasing a crypto currency, security, etf or fund. If you are to impose special restrictions or require special knowledge for crypto how is that different from an individual purchasing a stock in a company they know nothing about or a mutual fund where they dont know what stocks are in the fund. I repeat I am very much against this proposal.

I oppose restrictions on your right to invest in public investments. What makes US stock market so great is our ability to freely invest in an investment script. While I agree for certain regulation to avoid fraudulent schemes and normal up-keep of market health, this regulation removes the common right to invest.

I oppose restrictions to my right to invest as these are unconstitutional. I should have the right to choose what investments I want to pursue, including cryptocurrencies such as BITO. Investments in funds and cryptocurrencies should be available to everyone, not just the rich. Cryptocurrencies and other investments as such are part of a balanced portfolio strategy and everyone should have the ability to choose their own investments. What you are proposing is ridiculous and infringes on my freedoms.

Hello, I am strongly opposed to the proposed restrictions. The ability to make investment decisions should not be determined by whether one is an accredited investor or not, but rather should be left up to the invididual. I and many others view these restrictions as the ability to only allow the "have's" to continue growing wealth while limiting the "have not's" from being able to do the same. Preventing the public from having the ability to make their own investment decisions is not protection, but rather (yet another) overstepping of the government's role.

I disagree

Crypto shouldnt need any more information gathering than other current investments. There are no requirements for stocks, bonds, ETFs, so why should there be another asset class. Just because its unfamiliar doesnt mean it should be treated differently.