I have invested for 30 years. I have used inverse etfs to protect my investments in markets that decline, often because of government actions.

No one should have to pass a test administered by the government to protect their own finances.

This is overreach by a department that I do not believe is looking after my best interests. It is pursuing an agenda that is against my best interests.

Leveraged funds and ETF's are important tools to allow investors to gain market leverage at a manageable level of risk, compared to traditional methods of leverage, such as the use of margin. Investors who research and learn the appropriate use of leveraged funds are able to use them as a part of an overall portfolio and generate leverage without jeopardizing their entire net worth. In comparison, the use of margin may result in greater losses than the investor's initial capital. Therefore, it is essential for retail investor to keep their full access to leveraged funds.

Inverse funds are part of an important strategy for ordinary people to hedge against bear market conditions, an environment where ordinary people have very little option for protection. Do not take this option away from well educated and well informed investors.

Please do not restrict access to digital currencies.

To Whom this may concern,

We the People have every right to buy and sell shares.
You cannot take the right away from the American

I am opposed to adoption of Rule #22-08. I am not a big time investor, but I invest consistently and I think wisely using Proshares leveraged ETFs among others. I understand the long term risk of investing in these ETFs and usually do so for the very short term, I believe my participation makes for a more liquid market which I believe is the reason this country operates a capitalistic system, In contrast what the proposed rule does is make markets less liquid and excludes me from potential profit or losses which I see as my [REDACTED] given right to exercise in a free country.

I wish to register my strong opposition to regulations being considered by FINRA that would require me, as an individual investor, to meet certain knowledge, net worth, approval, reading, or cooling off period requirements as a prerequisite to investing in certain investments.

In no way would I recommend anyone to vote to accept government restrictions on my investing. I am not a wealthy person, and I have no specialized or ultra-sophisticated trading systems. But I was able to limit the extent of my draw-downs by using ProShares Inverse funds to limit my down-side risk in both the 2000-2003 AND 2008-2009 market drops.