This would be a catastrophic move for investors who are deeply invested at this point in time. What would be better is a clearer disclosure with a clear example of what can happen to leveraged ETF's along with an acknowledgment of understanding. For Example: 1) Leveraged EFT's can lose value at a rate greater than the loss of the market. (Please sign and date that you understand) Ex: 2) The triple leveraged ETF "TNA" can and often will lose value at 3-4 times the broader market. Ex: If the SP 500 only drops 5%, it is possible that the TNA ETF can drop 15% - 20%.

Crypto has so far saved my retirement. It is important that access remain open. I pay taxes on the gains which gives more for the government to waste.

RE: FINRA Proposed Rule #22-08 We dont need more people telling us we are too stupid to handle investments on our own. It will turn into another rule for us but not for you. We have too many regulations now.

First and foremost this is a FREE COUNTRY! I am quite capable of critical thinking, I can and always have been able to manage my accounts. The socialist agenda is a cancer that seeks to destroy our rights, our constitutional rights, our country.

As an adult, I don't need protection from "myself". I have my own ideas of how and where to invest my "earnings". Rhetorically speaking, do you regulate casinos, lotteries or any other gambling activities where millions of dollars are spent foolishly by people who actually think they are investing in a payout? Conversely, do you make suggestions of where people "should" invest their earnings? Who do you intend on proctoring this "test" that you propose and what makes you think they have any more knowledge than I do with investments?

I shouldn't have to go through any special process like passing a test before I can invest in public securities,
including cryptocurrency funds such as BITO.
I ma capable of understanding cryptocurrency funds such
as BITO and their risks. Let me decide on my investments and what is right for me and my family. Public investments should be available to all of the public, not just the privileged.

As an investor I believe it is important that equities are available to serve customers in all parts of the market cycle.

As an educated active investor, I think I have the right to make my own decisions to invest in leveraged ETF.

Why would FINRA only let big investors or institutional investors to invest in ETF?

The only way an educated macro investor can navigate both frothy or
turmoil ridden markets is via leveraged ETF.

It would be patently unfair to deny small investors the ability to play with the big guys and beat them at their own game.

Strongly urge to not deny this avenue to retail investors

I dont believe these proposed rules are to the benefit of the average or beginning investor. These would restrict the ability to invest fairly to many.

You have no reason or right to regulate our investments or trying to run our lives.