Government's job is to ensure disclosure. It is not the government's job to tell me what I'm allowed to invest in or to tell me I'm not qualified to invest in certain investment products. The supposed qualification, for example, that I need to be wealthy in order to be allowed to invest in a leveraged fund is discriminatory on its face. So are the other proposed "qualifications". This whole thing is outrageous.
Elliot Simon Comment On Regulatory Notice 22-08
Government's job is to ensure disclosure. It is not the government's job to tell me what I'm allowed to invest in or to tell me I'm not qualified to invest in certain investment products. The supposed qualification, for example, that I need to be wealthy in order to be allowed to invest in a leveraged fund is discriminatory on its face. So are the other proposed "qualifications". This whole thing is outrageous.