This proposed regulation stands against the very notion of what it is to be American. Investing is an activity that has always been performed at one's own risk - nannying investors with onerous regulations, that at this point are unclear and establishing gateways to access these products that includes high net worth is classist and discriminatory. Everyone should have equal access to all products and invest in the ones they choose, not the ones they are approved for, comrade.
David Gittes Comment On Regulatory Notice 22-08
This proposed regulation stands against the very notion of what it is to be American. Investing is an activity that has always been performed at one's own risk - nannying investors with onerous regulations, that at this point are unclear and establishing gateways to access these products that includes high net worth is classist and discriminatory. Everyone should have equal access to all products and invest in the ones they choose, not the ones they are approved for, comrade.