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Keith Kretschmar Comment On Regulatory Notice 22-08

Keith Kretschmar
N/A

You not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. It is very important that you express your views in your own wordsyour comments are more likely to be taken seriously by FINRA if they reflect your own experience and perspective. Not only do you have the right to share your views, but the regulators are required to take your comments into consideration in deciding whether to move forward. Thank you for taking action. LIST OF INVESTMENTS THAT MAY BE AT RISK: 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 Privacy Statement To review FINRAs notice, visit https://www.finra.org/rules-guidance/notices/22-08. You shouldn't have to go through any special process like passing a test before you can invest in public securities, including cryptocurrency funds such as BITO. Explain that you are capable of understanding cryptocurrency funds such as BITO and their risks. Tell regulators you do not need these measures imposed on you. Other reasons you think these restrictions on your right to invest should not be put in place. SUBMIT A PUBLIC COMMENT Investing in cryptocurrency funds, such as BITO, is important to your investment strategies. Consider explaining ways you use cryptocurrency funds, such as BITO, to achieve your financial objectives, including by diversifying your investments as part of a balanced portfolio.