Codifying levered investments as "Complex" and limiting the public's use of them is against the founding principles of this country and will only exacerbate income inequality. Citizens have the right to chose their investment and take their own risks; the government is not intended to play "baby-sitter." If there needs to be a warning such as when signing up for Options or Margin trading, fine. Only allowing accredited investors will increase the income inequality in our system, all because "The government knows what's best for the people"..... unbelievably against the spirit of our constitution. Let the free market be free and allow upward mobility.
Daniel Marklin Comment On Regulatory Notice 22-08
Codifying levered investments as "Complex" and limiting the public's use of them is against the founding principles of this country and will only exacerbate income inequality. Citizens have the right to chose their investment and take their own risks; the government is not intended to play "baby-sitter." If there needs to be a warning such as when signing up for Options or Margin trading, fine. Only allowing accredited investors will increase the income inequality in our system, all because "The government knows what's best for the people"..... unbelievably against the spirit of our constitution. Let the free market be free and allow upward mobility.