Kenneth Chapman Comment On Regulatory Notice 22-08
Kenneth Chapman
N/A
Im a doctor that is also an accountant. I dont need the SEC or FINRA looking out for me. I invest small amounts on a short term basis in leveraged funds. I understand that all the money I invest can be lost. If people dont understand this then that is on them. Thats why they have a 401k and not their own self directed IRA or brokerage account. Im not against having to pass a small test or questionnaire, but having to prove net worth or high income is not fair. This is especially true for new MBA, MD, JD grads that have a large amount of student loans but have the intelligence to trade such securities.
Kenneth Chapman Comment On Regulatory Notice 22-08
Im a doctor that is also an accountant. I dont need the SEC or FINRA looking out for me. I invest small amounts on a short term basis in leveraged funds. I understand that all the money I invest can be lost. If people dont understand this then that is on them. Thats why they have a 401k and not their own self directed IRA or brokerage account. Im not against having to pass a small test or questionnaire, but having to prove net worth or high income is not fair. This is especially true for new MBA, MD, JD grads that have a large amount of student loans but have the intelligence to trade such securities.