I am strongly opposed to the FINRA's misguided proposed regulations. This absolutely irresponsible regulation would clearly hurt investors by denying me the ability to choose investments that could help me and my family achieve long term financial security. It would also upend our regulatory system by giving regulators the right to decide what public securities that I can invest in and takes that right away from me. It is arbitrary and vague. The definition of "complex products" could ensnare a large number of public securities. On top of that, it would provide a clear avenue for corruption to propagate. The public NOT regulators should decide which investments are right for them and their families.
Brad Reel Comment On Regulatory Notice 22-08
I am strongly opposed to the FINRA's misguided proposed regulations. This absolutely irresponsible regulation would clearly hurt investors by denying me the ability to choose investments that could help me and my family achieve long term financial security. It would also upend our regulatory system by giving regulators the right to decide what public securities that I can invest in and takes that right away from me. It is arbitrary and vague. The definition of "complex products" could ensnare a large number of public securities. On top of that, it would provide a clear avenue for corruption to propagate. The public NOT regulators should decide which investments are right for them and their families.