Dear FINRA regulators,
We believe it is an investors right to freely access the entirety of the public securities markets without any arbitrary restrictions. Any restrictions could potentially deny us the freedom to choose investments that could help us achieve long-term financial security.
FINRAs definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities. Tests or criteria to determine investor understanding are subjective and could lead to unfair or evendiscriminatory treatment of investors.
Under the long-standing disclosure-based system, investorshave the right to decide which public equities, bonds and funds they want to buy. The FINRA plan upends that principle, giving regulators the power to decide what public
securities we can and cannot invest in.
We want you to hear ftomus and make a good decision for us individual investors.
Liming Zhao Comment On Regulatory Notice 22-08
Dear FINRA regulators,
We believe it is an investors right to freely access the entirety of the public securities markets without any arbitrary restrictions. Any restrictions could potentially deny us the freedom to choose investments that could help us achieve long-term financial security.
FINRAs definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities. Tests or criteria to determine investor understanding are subjective and could lead to unfair or evendiscriminatory treatment of investors.
Under the long-standing disclosure-based system, investorshave the right to decide which public equities, bonds and funds they want to buy. The FINRA plan upends that principle, giving regulators the power to decide what public
securities we can and cannot invest in.
We want you to hear ftomus and make a good decision for us individual investors.