Anthony Flynn Comment On Regulatory Notice 22-08

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Under the regulations being considered by the Financial Industry Regulatory Authority (FINRA),
you may not be able to buy leveraged and inverse funds and dozens of other popular
investments deemed to be complex unless you:
Pass a regulator-imposed test of your specialized investment knowledge
Demonstrate a high net worth
Get special approval from your broker
Attest to reading certain materials
Go through cooling off periods during which you cant invest
TELL REGULATORS:
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST

It is easy to make your opinion known. Using the form

I am writing to protest proposed restrictions on my right as an individual investor to invest in the following:
Target Date Funds
Non-Traditional Index Funds (Smart Beta + ESG)
Emerging Market Funds
High Yield Bond Funds
Closed-end Funds
Commodity Funds
Cryptocurrency Funds
Unconstrained Bond Funds
Floating-rate/Leveraged Loan Funds
Leveraged/Inverse Products
Interval Funds
Global Real Estate Funds
ETNs
Variable Annuities
Defined Outcome ETFs
Volatility-Linked Funds
Currency Funds
Funds using cryptocurrency futures
Non-traded REITs
Business Development Companies
Opportunistic and Tactical, Multi-Strategy Funds
Funds using derivatives for hedging or leverage
Principal Protected Notes
Structured Notes
Asset-Backed Securities
Funds Selling Short
Start-up Company (IPO) Funds
Funds Investing in Unlisted Securities
Distressed Debt Funds
Absolute Return Funds
Finds of Hedge Funds
Reverse Convertible Notes
Market-linked CDs
Range Accrual Notes
Insurance-Linked Securities

I am fully capable of understanding leveraged and inverse funds and have been using them to protect my investments in volatile market conditions.

I shouldn't have to go through any special process
like passing a test before you can invest in public securities,
like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks.

Regulators should not impose the proposed restrictive measures on me and other individual investors.

I need to be able to access leveraged and inverse funds to protect my. investment portfolio, particularly in times of market volatility. In this context, I use them as a limited but essential . means of protecting my investments, limiting losses, and obtaining improved overall returns

I urge that public investments should be available to all of the public and that the proposed restrictions should not to be put in place.