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Kevin Lee Comment On Regulatory Notice 22-08

Kevin Lee
N/A

I have just been made aware of FINRA's proposal to limit investing in certain securities by the general public. I understand the concern that uninformed investors could be harmed financially by making ill-informed decisions on these trades. I myself went through something of a learning curve, and lost a bit at first. I also never invested more than I could afford to lose, either on inverse funds or more traditional investments. This should be the guideline for retail investors. Any investment can go bad, not just inverse and leveraged funds. I've noticed recently that my broker has begun including a warning when their customers appear to be considering one of these investments, with a link to educational materials detailing the risks and appropriate strategies for this kind of investment. It seems to me, that should be sufficient. Any more onerous restrictions would be infringing on citizens' rights to invest their money as they please.