Limiting investors choice to determine the best investments based upon their goals is unwarranted and detrimental Investors who use unique investment strategies (ie options, crypto currencies, shorts, high yield bonds, leveraged ETFs) should not have to incur an additional regulatory burden. There are many complex investments and they have been utilized by investors for decades. The implementation of this rule would be difficult and confusing for investors. Trying to protect investors from themselves is patently absurd. Will the government also implement additional rules for investing in high risk growth companies? Unfortunately this is an example of why the public distrust government and abhors regulations. I feel this is a very misguided attempt to create a regulation where it is not needed or desired by investors or the public at large
Brian Orourke Comment On Regulatory Notice 22-08
Limiting investors choice to determine the best investments based upon their goals is unwarranted and detrimental Investors who use unique investment strategies (ie options, crypto currencies, shorts, high yield bonds, leveraged ETFs) should not have to incur an additional regulatory burden. There are many complex investments and they have been utilized by investors for decades. The implementation of this rule would be difficult and confusing for investors. Trying to protect investors from themselves is patently absurd. Will the government also implement additional rules for investing in high risk growth companies? Unfortunately this is an example of why the public distrust government and abhors regulations. I feel this is a very misguided attempt to create a regulation where it is not needed or desired by investors or the public at large