It is not right to limit choices of what I can invest in. Just because I am not a "professional" investor does not mean I don't understand risk. This seems like a misguided attempt to protect people from themselves that will actually result in less ability for people who are not billionaires to make money.
I am also skeptical of any tests you might give, many people investing do not speak English as a first language but probably understand the market better than so called professionals.
Let people make there own decisions about what to buy, most successful traders I know learned more from a few losses than from any tests, and those that aren't able to handle tend to get out.
Jeremy Kamen Comment On Regulatory Notice 22-08
It is not right to limit choices of what I can invest in. Just because I am not a "professional" investor does not mean I don't understand risk. This seems like a misguided attempt to protect people from themselves that will actually result in less ability for people who are not billionaires to make money.
I am also skeptical of any tests you might give, many people investing do not speak English as a first language but probably understand the market better than so called professionals.
Let people make there own decisions about what to buy, most successful traders I know learned more from a few losses than from any tests, and those that aren't able to handle tend to get out.