Maurice Edwards Comment On Regulatory Notice 22-08
Maurice Edwards
N/A
Comments: My name is Maurice Edwards, and I have been using L&I investment vehicles (as well as other complex products like options) for many years and I don't want my financial opportunities to be regulated away. I spent the time picking up the knowledge and experience to use these assets, and after all that my outcomes are to my liking. My brokerage provides free and high quality investment education, and they already put up a "knowledge wall," whereby I had to certify that I knew these types of investments are much more risky than traditional assets, and that losing money is a real possibility. I know to keep my exposure to a tiny fraction of my overall account. Frankly, I don't like the idea that someone feels like I have to be protected from myself. I have taught my son how to invest; he's not ready for this, so he stays away. We gauge our own tolerance for risk, and invest in those vehicles we understand and appreciate. Education is what makes the difference, not regulation. Transparency keeps things fair and legal, and risk disclosure makes sure that everyone who enters these asset classes knows what they are in for. Once I decide for myself, I don't want any handholding. The government is better suited to protecting me from crime, not risk/reward.
Maurice Edwards Comment On Regulatory Notice 22-08
Comments: My name is Maurice Edwards, and I have been using L&I investment vehicles (as well as other complex products like options) for many years and I don't want my financial opportunities to be regulated away. I spent the time picking up the knowledge and experience to use these assets, and after all that my outcomes are to my liking. My brokerage provides free and high quality investment education, and they already put up a "knowledge wall," whereby I had to certify that I knew these types of investments are much more risky than traditional assets, and that losing money is a real possibility. I know to keep my exposure to a tiny fraction of my overall account. Frankly, I don't like the idea that someone feels like I have to be protected from myself. I have taught my son how to invest; he's not ready for this, so he stays away. We gauge our own tolerance for risk, and invest in those vehicles we understand and appreciate. Education is what makes the difference, not regulation. Transparency keeps things fair and legal, and risk disclosure makes sure that everyone who enters these asset classes knows what they are in for. Once I decide for myself, I don't want any handholding. The government is better suited to protecting me from crime, not risk/reward.