This SEC proposed rule is wholly unnecessary, it does nothing but restrict retail traders with lower net worths from making the same fair trades as those with higher net worths. A rule that seeks to restrict access to investment vehicles using net worth is in fact not a rule. It is a barrier, not unlike a fee, that the middle class must struggle to obtain before theyre allowed to engage by the regulators and brokers. It is in fact not protecting retail from advanced or challenging investment vehicles as it is quite simple for a self-educated citizen to consult the numerous books and articles in existence to understand inverse or leverage ETFs. This regulatory rule strikes me as disruptive and overreaching, and ultimately seems to only serve the purpose of narrowing the access of independent retail investors in an effort to line the pockets of mutual fund managers.
Keath Stewart Comment On Regulatory Notice 22-08
This SEC proposed rule is wholly unnecessary, it does nothing but restrict retail traders with lower net worths from making the same fair trades as those with higher net worths. A rule that seeks to restrict access to investment vehicles using net worth is in fact not a rule. It is a barrier, not unlike a fee, that the middle class must struggle to obtain before theyre allowed to engage by the regulators and brokers. It is in fact not protecting retail from advanced or challenging investment vehicles as it is quite simple for a self-educated citizen to consult the numerous books and articles in existence to understand inverse or leverage ETFs. This regulatory rule strikes me as disruptive and overreaching, and ultimately seems to only serve the purpose of narrowing the access of independent retail investors in an effort to line the pockets of mutual fund managers.