Restricting investments to people who do not meet your income or asset requirements is again a way to try to control the average retail investor. Just because you think you are doing something good by preventing average investors for making risking decisions that may or may not result in profitable outcomes does not mean you are doing something that is right. Adults should be allowed to make their own investment decisions. Making mistakes are part of learning how to invest. I do neither want to have to pass a test before I can invest nor do I want to be prevented from investing in public leveraged funds. It is my money and I have a right to spend it or invest it as I see fit.
Please reject any new proposed controls to prevent the average investor from being discriminated against so that only rich people are allowed to invest.
Edwin Mizrahi Comment On Regulatory Notice 22-08
To Regulators,
Restricting investments to people who do not meet your income or asset requirements is again a way to try to control the average retail investor. Just because you think you are doing something good by preventing average investors for making risking decisions that may or may not result in profitable outcomes does not mean you are doing something that is right. Adults should be allowed to make their own investment decisions. Making mistakes are part of learning how to invest. I do neither want to have to pass a test before I can invest nor do I want to be prevented from investing in public leveraged funds. It is my money and I have a right to spend it or invest it as I see fit.
Please reject any new proposed controls to prevent the average investor from being discriminated against so that only rich people are allowed to invest.