Comments: Restricting an investor's access to investment products will only put them at a disadvantage. These tools fit into a number of viable investment strategies, and can be useful to hedge a portfolio to mitigate risk. Having higher net worth doesn't not necessarily make someone a more intelligent, qualified investor. Providing information and making investors aware of risk is acceptable, dictating what products are and are not available to them is not.
Daniel Pivonka Comment On Regulatory Notice 22-08
Comments: Restricting an investor's access to investment products will only put them at a disadvantage. These tools fit into a number of viable investment strategies, and can be useful to hedge a portfolio to mitigate risk. Having higher net worth doesn't not necessarily make someone a more intelligent, qualified investor. Providing information and making investors aware of risk is acceptable, dictating what products are and are not available to them is not.