I'm writing because I'm invested in funds such as BITO. It has come to my attention that FINRA wants to regulate these in such a way that investors are required to become accredited, pass tests, get special approval, cooling off periods, etc. I disagree with this and believe anyone should be allowed to invest in public securities with their own money, without government scrutiny. Laws like these only hurt small investors and widen the gap between mega rich and middleclass citizens. I'm very aware of the risks of investing in cryptocurrency related funds, but they're important to my investment strategy and help to maintain a balanced portfolio.
Joshua Purvis Comment On Regulatory Notice 22-08
I'm writing because I'm invested in funds such as BITO. It has come to my attention that FINRA wants to regulate these in such a way that investors are required to become accredited, pass tests, get special approval, cooling off periods, etc. I disagree with this and believe anyone should be allowed to invest in public securities with their own money, without government scrutiny. Laws like these only hurt small investors and widen the gap between mega rich and middleclass citizens. I'm very aware of the risks of investing in cryptocurrency related funds, but they're important to my investment strategy and help to maintain a balanced portfolio.