1.) Limiting investment opportunities to those with high net worth is inherently un-American and is borderline predatory on those who would be excluded from making these investment plays.
2.) Leveraged and inverse funds are crucial to my short and long term investment strategies. Information and notices are provided with these, and should continue to be. Expanding information requirements is a viable and forward-looking step; restricting access to financial tools is not.
3.) Even proposing this rule reinforces a financial elite and "other" class. Enforcing it would be permanently damaging to the vast majority of investors.
Brandon Tobey Comment On Regulatory Notice 22-08
1.) Limiting investment opportunities to those with high net worth is inherently un-American and is borderline predatory on those who would be excluded from making these investment plays.
2.) Leveraged and inverse funds are crucial to my short and long term investment strategies. Information and notices are provided with these, and should continue to be. Expanding information requirements is a viable and forward-looking step; restricting access to financial tools is not.
3.) Even proposing this rule reinforces a financial elite and "other" class. Enforcing it would be permanently damaging to the vast majority of investors.