May 9, 2022 Jennifer Piorko Mitchell, JD, MBA Office of the Corporate Secretary FINRA 1735 K Street, NW Washington, DC 20006 Re: FINRA Regulatory Notice 22-08 Dear Ms. Mitchell: Thank you for giving the public an opportunity to comment on the Regulatory Notice 22-08. I am a professor of accounting at the Johns Hopkins Carey Business School. I oppose the rules proposed in Notice 22-08. These rules, with the intention to protect investors, will limit investor access to publicly offered complex ETFs and harm investors’ best interests. Investors make their own choices, take their own risks, and bear their own consequences. The freedom to invest in whatever product investors choose is the fundamental for an efficient equity market and a prosperous economy. FINRA should focus on removing barriers and improving investor access to all financial products, not the opposite. Thank you for your time and consideration. Sincerely, Ge Bai, PhD, CPA Professor of Accounting Johns Hopkins Carey Business School 1717 Massachusetts Ave NW Washington, DC 20036 Phone: (202) 580-7573 Email: [email protected]
Ge Bai Comment On Regulatory Notice 22-08
May 9, 2022 Jennifer Piorko Mitchell, JD, MBA Office of the Corporate Secretary FINRA 1735 K Street, NW Washington, DC 20006 Re: FINRA Regulatory Notice 22-08 Dear Ms. Mitchell: Thank you for giving the public an opportunity to comment on the Regulatory Notice 22-08. I am a professor of accounting at the Johns Hopkins Carey Business School. I oppose the rules proposed in Notice 22-08. These rules, with the intention to protect investors, will limit investor access to publicly offered complex ETFs and harm investors’ best interests. Investors make their own choices, take their own risks, and bear their own consequences. The freedom to invest in whatever product investors choose is the fundamental for an efficient equity market and a prosperous economy. FINRA should focus on removing barriers and improving investor access to all financial products, not the opposite. Thank you for your time and consideration. Sincerely, Ge Bai, PhD, CPA Professor of Accounting Johns Hopkins Carey Business School 1717 Massachusetts Ave NW Washington, DC 20036 Phone: (202) 580-7573 Email: [email protected]