Michael Peele Comment On Regulatory Notice 22-08

Please see comments.
Pass a regulator-imposed test of your specialized investment knowledge
-- This should be a few questions, not complex, just a couple basics.
Demonstrate a high net worth
-- Not high. $2,000 or something like that.
Get special approval from your broker
-- Not special approval, just the broker sees the $value, asks the questions, and then approves.
Attest to reading certain materials
-- Ok, kinda like options.
Go through cooling off periods during which you cant invest
-- Maybe a business day?

Restricting people based on assets and income is discriminatory and favors the rich to get richer and the poor can't even play the same game.