I do not support this rule in the slightest. You cannot fail to define “complex products” and then make such products difficult for investors to access. What if next year, ETFs are considered “complex”? Further, this hurts normal people like me by making it difficult to access investments that have performed well for me (and which I easily understand how they will perform under any market conditions).
On the other hand, I might support a rule that forces sellers of “complex” funds to clearly explain their investment, how it works, and how it would behave in a variety of market scenarios. Education is much more powerful than making it difficult for people to do something.
Bill L Comment On Regulatory Notice 22-08
I do not support this rule in the slightest. You cannot fail to define “complex products” and then make such products difficult for investors to access. What if next year, ETFs are considered “complex”? Further, this hurts normal people like me by making it difficult to access investments that have performed well for me (and which I easily understand how they will perform under any market conditions).
On the other hand, I might support a rule that forces sellers of “complex” funds to clearly explain their investment, how it works, and how it would behave in a variety of market scenarios. Education is much more powerful than making it difficult for people to do something.
Thanks,
Bill