I oppose the proposal of restricting individual investors' access to complex investment vehicles. Market participants should have fair access to the investment options equally. The restrictions on individual investors fail to reflect the risk-taking abilities of the investors. It should always be the investors' own responsibility to understand the strategies and risks of their investment, regardless of the complexity of the product. It is not up to FINRA to make this call.
Jerry Liu Comment On Regulatory Notice 22-08
I oppose the proposal of restricting individual investors' access to complex investment vehicles. Market participants should have fair access to the investment options equally. The restrictions on individual investors fail to reflect the risk-taking abilities of the investors. It should always be the investors' own responsibility to understand the strategies and risks of their investment, regardless of the complexity of the product. It is not up to FINRA to make this call.