I adamantly oppose this discriminatory regulatory restriction to my, and any other American citizens, right to invest. The top 3% of wealth is managed, controlled and available only to rich, white privileged men who usually were gifted start up funding for their investments.
I am a college educated, Hispanic, female nurse consultant, furthering my education to become a post graduate psychiatric mental health practitioner, first generation American born woman who is trying to learn investments and, based on the economy, move my family forward financially. I have put my children through college, thus am debt-ridden, and these new regulations can effectively "steal" any opportunity of financial freedom from me and millions of other people of color or women.
In addition to the plain fact that these regulations would effectively suppress minorities, of any color, shape or gender, they would make it virtually impossible for a very shaky middle class to survive. As any educated human knows, the middle class is essential to maintaining a capitalist society. Without middle class workers, businesses suffer, fail and close. In case any one from FINRA is not aware, the Coronavirus pandemic has thrust that reality in the world's face. I am a dedicated public servant, working for the state public health department, trying to do my part to keep our state healthy. People like myself have sacrificed their physical and mental health to do this in every state, so that you and the priviliged wealthy can continue to exist in a semi-normal functioning world. To try to restrict people that have struggled throughout this dangerous few years by slapping them in the face and slamming the door of opportunity right at the brink of a possibly dramatic economic implosion (or not, that's how the market goes) is blatantly discriminatory and condescending.
Try to use this analogy: since members of FINRA and a big component of the wealthy know nothing of health care, they should not be allowed to access the highest quality medical care, equipment and technology, because (as per your reasoning) they know very little, and should be educated prior to accessing resources that more qualified people should have access to first. Hmmm.... imagine the outcry, the verbal attacks and monetary bribes that would entail from this unethical decision. Yet here this Regulatory Notice #22-08 does exactly that. It places such steep qualifications on people who are learning or are just entering the world of finance. We are in the United States of America, where all men (and women) are not only created equally, but should be treated as such, with equal opportunity and support.
If you want to equalize the system, I suggest you place limitations on the higher end of society, the wealthiest ones who have such significant capitol that investment mainly begets larger, outrageous amounts withheld from the general public. Just as there are salary caps in all sports and fields, there should be caps and limitations placed on the multi-billionaires that pretty much hoard the financial market. As a nurse, I know first hand of death, and NO ONE CAN TAKE IT WITH THEM WHEN THEY DIE. However, hoarding has such detrimental consequences on the middle and poorer classes, that eventually, the weathy will feel the backlash. Of course, that day may come sooner with pandemics, the great evolutionary equalizers. If limitations are distasteful, it can be phrased as donations to more robust health care systems, so we, who are "all in it together" have a fighting chance of survival.
Wake up and see how our current world suffered from a microscopic virus. If people continue to shield their eyes, only further global disasters will occur, and all the money in the world will be useless.
Be ethical, and allow wealth to possibly be spread, so that our society can continue to exist, in relative equilibrium.
Kathryn Britos Comment On Regulatory Notice 22-08
To FINRA employees,
I adamantly oppose this discriminatory regulatory restriction to my, and any other American citizens, right to invest. The top 3% of wealth is managed, controlled and available only to rich, white privileged men who usually were gifted start up funding for their investments.
I am a college educated, Hispanic, female nurse consultant, furthering my education to become a post graduate psychiatric mental health practitioner, first generation American born woman who is trying to learn investments and, based on the economy, move my family forward financially. I have put my children through college, thus am debt-ridden, and these new regulations can effectively "steal" any opportunity of financial freedom from me and millions of other people of color or women.
In addition to the plain fact that these regulations would effectively suppress minorities, of any color, shape or gender, they would make it virtually impossible for a very shaky middle class to survive. As any educated human knows, the middle class is essential to maintaining a capitalist society. Without middle class workers, businesses suffer, fail and close. In case any one from FINRA is not aware, the Coronavirus pandemic has thrust that reality in the world's face. I am a dedicated public servant, working for the state public health department, trying to do my part to keep our state healthy. People like myself have sacrificed their physical and mental health to do this in every state, so that you and the priviliged wealthy can continue to exist in a semi-normal functioning world. To try to restrict people that have struggled throughout this dangerous few years by slapping them in the face and slamming the door of opportunity right at the brink of a possibly dramatic economic implosion (or not, that's how the market goes) is blatantly discriminatory and condescending.
Try to use this analogy: since members of FINRA and a big component of the wealthy know nothing of health care, they should not be allowed to access the highest quality medical care, equipment and technology, because (as per your reasoning) they know very little, and should be educated prior to accessing resources that more qualified people should have access to first. Hmmm.... imagine the outcry, the verbal attacks and monetary bribes that would entail from this unethical decision. Yet here this Regulatory Notice #22-08 does exactly that. It places such steep qualifications on people who are learning or are just entering the world of finance. We are in the United States of America, where all men (and women) are not only created equally, but should be treated as such, with equal opportunity and support.
If you want to equalize the system, I suggest you place limitations on the higher end of society, the wealthiest ones who have such significant capitol that investment mainly begets larger, outrageous amounts withheld from the general public. Just as there are salary caps in all sports and fields, there should be caps and limitations placed on the multi-billionaires that pretty much hoard the financial market. As a nurse, I know first hand of death, and NO ONE CAN TAKE IT WITH THEM WHEN THEY DIE. However, hoarding has such detrimental consequences on the middle and poorer classes, that eventually, the weathy will feel the backlash. Of course, that day may come sooner with pandemics, the great evolutionary equalizers. If limitations are distasteful, it can be phrased as donations to more robust health care systems, so we, who are "all in it together" have a fighting chance of survival.
Wake up and see how our current world suffered from a microscopic virus. If people continue to shield their eyes, only further global disasters will occur, and all the money in the world will be useless.
Be ethical, and allow wealth to possibly be spread, so that our society can continue to exist, in relative equilibrium.