This is ridiculous. No one has any right to tell me where and how to invest my hard earned money. It's obvious the only reason why you would want this is so retail cannot make more money than a standard lousy 401k or IRA which limits the amount of investment amount for the year. This is about control and making sure you keep retail investment people limited to a certain investment. You regulators are a joke. How about regulating the big banks and there abuse of credit and swaps!
Joseph Falocco Comment On Regulatory Notice 22-08
This is ridiculous. No one has any right to tell me where and how to invest my hard earned money. It's obvious the only reason why you would want this is so retail cannot make more money than a standard lousy 401k or IRA which limits the amount of investment amount for the year. This is about control and making sure you keep retail investment people limited to a certain investment. You regulators are a joke. How about regulating the big banks and there abuse of credit and swaps!