It has come to my attention that Finra is considering implementing regulations that restrict investors right to purchase certain securities, that, in FINRA's opinion we ignorant and unsophisticated retail investors lack the intelligence to fully understand. I oppose any such regulation and would remind Finra that it is the duty of government and its agencies to protect us from each other; not from ourselves.
John Liebler Comment On Regulatory Notice 22-08
It has come to my attention that Finra is considering implementing regulations that restrict investors right to purchase certain securities, that, in FINRA's opinion we ignorant and unsophisticated retail investors lack the intelligence to fully understand. I oppose any such regulation and would remind Finra that it is the duty of government and its agencies to protect us from each other; not from ourselves.