The regulations are guaranteed to harm investors. Investors do not need protection from themselves. Investors who invest in “complex” financial instruments are individuals who understand the relationship between risk and reward. The proposed regulations will not deter individuals from making financially risky decisions. Instead, the regulations will encourage individuals to invest in riskier alternatives (e.g., crypto, penny stocks, and SPACs). Everyone’s financial goals are different, and everyone should have the right to choose their investments freely.
Anonymous Comment On Regulatory Notice 22-08
The regulations are guaranteed to harm investors. Investors do not need protection from themselves. Investors who invest in “complex” financial instruments are individuals who understand the relationship between risk and reward. The proposed regulations will not deter individuals from making financially risky decisions. Instead, the regulations will encourage individuals to invest in riskier alternatives (e.g., crypto, penny stocks, and SPACs). Everyone’s financial goals are different, and everyone should have the right to choose their investments freely.