I am outraged that you call Structured Product "complex investments." How can you paint these products with such a broad brush? Frequently companies use futures to hedge against many risks. Why not call their stocks complex investments as well? I believe simply informing clients of the risks, as our firm does with all the investments we sell, should suffice with any risk disclosure. We are not here to quiz clients and grade clients on their knowledge. Furthermore, we are not here to design tests and be graded on their efficacy.
Jed Bandes Comment On Regulatory Notice 22-08
I am outraged that you call Structured Product "complex investments." How can you paint these products with such a broad brush? Frequently companies use futures to hedge against many risks. Why not call their stocks complex investments as well? I believe simply informing clients of the risks, as our firm does with all the investments we sell, should suffice with any risk disclosure. We are not here to quiz clients and grade clients on their knowledge. Furthermore, we are not here to design tests and be graded on their efficacy.