Skip to main content

Jacob Roach Comment On Regulatory Notice 22-08

Jacob Roach
N/A

United States citizens are the creators and the product of the democratic systems they make. That's a high responsibility, and one which many American are ill-equipped to make. That doesn't mean they ought to lose it. Likewise in finance, regulators ought to take reasonable action to protect Americans, but Americans are ultimately individually responsible to themselves, their families and communities, and their nation. If regulators are concerned about citizens investing in funds they don't understand, they should focus efforts on improving the "understanding" aspect of that problem, not the access aspect. Prohibiting certain individuals from making informed decisions because a portion of the populace is ill-equipped to do the same is not an appropriate solution.