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Boyce Randolph Comment On Regulatory Notice 22-08

Boyce Randolph
N/A

I was an advisor with a series 65. Some of my clients were knowledgeable some not. There is no doubt that FINRA has some good regulatory laws but guys this is a huge over reach. It is not your job to protect me against myself. This is play money not retirement money. Even if ten or twenty percent of my retirement money was in derivatives that is none of your business. Let the broker and or the advisor decide who should use these funds or ETFs. I go to the horse track but I dont bet my mortgage payment. I believe that the market is in for a huge correction. With 20K of play money I am shorting the S&P 500 and the Nasdaq. If I am wrong I dont miss a meal but if I am right I stand to make more money than some people make in a lifetime. If sound invest principles are being used who do you think you are to deny me this opportunity. That is the key. If sound investment principles are being used it is not your job in a free country to tell me what I can and cannot invest in. Let the broker and or advisor do their job and stay off my back with your regulating.