I am strongly opposed to any regulation that would exclude anyone with a cash account from investing in complex financial instruments. This could lead to biases based on education level, race, beliefs, net worth, etc.
I believe that margin access could benefit from further scrutiny when used to purchase any financial instrument.
I am supportive of increasing awareness and additional education, but not testing.
Clay Modisette Comment On Regulatory Notice 22-08
I am strongly opposed to any regulation that would exclude anyone with a cash account from investing in complex financial instruments. This could lead to biases based on education level, race, beliefs, net worth, etc.
I believe that margin access could benefit from further scrutiny when used to purchase any financial instrument.
I am supportive of increasing awareness and additional education, but not testing.