I wish that I could say how surprised I am that financial and/or governmental bodies are once again displaying bad behavior in terms of how they treat American retail investors, but Im not. The current practice of displaying a warning on risky financial instruments is QUITE sufficient. I can read, thank you VERY much. This has nothing to do with protecting individual investors from themselves and everything to do with protecting your fraternity from an upwardly mobile section of the proletariat. If we are to be considered able to involve ourselves in financial markets, I expect full access and the ability to make my own decisions at the exact times that I want them. I use leveraged securities to seek high returns. With now being a critical time to be able to do so as prices are low. These are investments that my partner and I have discussed and strategized and put into place together. We do not need a test to be able to do this. And we MOST CERTAINLY shouldnt have to display high net worth to do so. Which, to me, tells me everything I need to know about your motivations in trying to pass these restrictions. And its going to become harder and harder for you to cloak your shameless gatekeeping. Welcome to the age of information.
Jamie Hughes Comment On Regulatory Notice 22-08
I wish that I could say how surprised I am that financial and/or governmental bodies are once again displaying bad behavior in terms of how they treat American retail investors, but Im not. The current practice of displaying a warning on risky financial instruments is QUITE sufficient. I can read, thank you VERY much. This has nothing to do with protecting individual investors from themselves and everything to do with protecting your fraternity from an upwardly mobile section of the proletariat. If we are to be considered able to involve ourselves in financial markets, I expect full access and the ability to make my own decisions at the exact times that I want them. I use leveraged securities to seek high returns. With now being a critical time to be able to do so as prices are low. These are investments that my partner and I have discussed and strategized and put into place together. We do not need a test to be able to do this. And we MOST CERTAINLY shouldnt have to display high net worth to do so. Which, to me, tells me everything I need to know about your motivations in trying to pass these restrictions. And its going to become harder and harder for you to cloak your shameless gatekeeping. Welcome to the age of information.