I am concerned that these proposed rules would give FINRA a big step toward micromanaging what is an allowable investment for the average citizen. I believe the existing rules are sufficiently protective (if properly followed by the industry) of the average investor. So there is not a pressing need to add this type of complexity to the investment process in order to deal with "complex" investments.
DM Comment On Regulatory Notice 22-08
I am concerned that these proposed rules would give FINRA a big step toward micromanaging what is an allowable investment for the average citizen. I believe the existing rules are sufficiently protective (if properly followed by the industry) of the average investor. So there is not a pressing need to add this type of complexity to the investment process in order to deal with "complex" investments.