Skip to main content

David Wilhite Comment On Regulatory Notice 22-08

David Wilhite
N/A

I urge FINRA to continue to protect the right of choice in how to best protect our investment portfolios in order to help achieve long-term financial security. My fear is that regulations could be too broad and difficult to interpret and therefore, Unworkable: The definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities. - Furthermore my fear is that understanding the complex definitions could become subjective and could lead to unfair or even discriminatory treatment of investors. Fear of Confusing and/or negating our current regulatory system; Under the long-standing disclosure-based system, investors have had the right to decide which public equities, bonds and funds they want to buy. I want advisors and clients alike to be able to still have the freedom and the power to decide what public securities they can and cannot invest in, not regulators.