FINRA and the SEC should focus on ensuring investments have proper and detailed disclosures and not policing what I can and cant do. This proposal further alienates individual and retail investors and gives more power and flexibility to institutional investors. Retail investors should have the same access to products and investors as other market participants. Retail investors should be responsible for evaluating risks and determining their own risk appetite.
Erik Lamb Comment On Regulatory Notice 22-08
FINRA and the SEC should focus on ensuring investments have proper and detailed disclosures and not policing what I can and cant do. This proposal further alienates individual and retail investors and gives more power and flexibility to institutional investors. Retail investors should have the same access to products and investors as other market participants. Retail investors should be responsible for evaluating risks and determining their own risk appetite.