I do not consider necessary that a client that is investing in complex products (such as a structured note) needs to have an options agreement in place due to the fact that the client is not executing options trades, it is the issuer of the product.

It sounds like you want to take away my choice and right to hire someone to take care of my investments. I am totally against this move. It feels like an intrusion into my life. An intrusion into the time and money I invested in setting aside monies to provide for my myself and my family in my retirement.

There is so much wrong stated in this proposed change!!!

The statement "This is America, land of freedom and choice" doesn't seem to mean much anymore to the "elite".

I oppose restrictions

Limiting investors choice to determine the best investments based upon their goals is unwarranted and detrimental Investors who use unique investment strategies (ie options, crypto currencies, shorts, high yield bonds, leveraged ETFs) should not have to incur an additional regulatory burden. There are many complex investments and they have been utilized by investors for decades. The implementation of this rule would be difficult and confusing for investors. Trying to protect investors from themselves is patently absurd.

Investors should be allowed to invest in all types of securities. Investors should not be discriminated against based on investment balance or net worth and should not have to pass a test to be eligible for certain investments. Brokers, such as Schwab, Fidelity, and Robinhood, and investment product providers, such as Proshares, all do a great job of informing investors of the risks associated with investment products, including stocks, options, ETFs, and leveraged ETFs. All of these types of investments should be allowed for all investors.

Pro shares already comes with several warnings as you buy the shares. If you introduce these kind of crazy measures, no one will buy in and it could likely devastate the etf.

I am opposed to any restrictions on my choices to and/or how I invest my hard earned income.
There must be freedom for all people to invest in any investment vehicle.

I believe the current requirements for self-directed investors are sufficient and there should not be more restriction on people to invest their money. I strongly oppose the limitations on my ability to buy the funds.

Please see below for comments in response to Regulatory Notice 22-08. Thank you for the opportunity to provide feedback. Definition of complex should be objective- if use of derivatives is a criterion it should be applied to all funds that do so. This suggests that more useful criteria would focus on factors like maximum risk of loss, risk of the fund not being able to meet its stated objectives, and systemic risks specifically related to the product, such as investors' inability to meet margin calls.

Let investors decide what is right for themselves - not regulators!