This punishes older investors in two ways. First, selling covered calls is an established source of income for retirement accounts. Why punish those who want to use this conservative approach? Secondly, the older investor who is behind on their savings and intelligently want to increase risk to catch up to have a nest egg that will support a self-sufficient retirement will be punished. Responsible investors should not be punished to protect gamblers. Finra might as well shut down casinos next.
Insong Yun Comment On Regulatory Notice 22-08
This punishes older investors in two ways. First, selling covered calls is an established source of income for retirement accounts. Why punish those who want to use this conservative approach? Secondly, the older investor who is behind on their savings and intelligently want to increase risk to catch up to have a nest egg that will support a self-sufficient retirement will be punished. Responsible investors should not be punished to protect gamblers. Finra might as well shut down casinos next.