This discrimination against Americans who are not high net worth is ridiculous. You realize most "high net worth" individuals are trust fund idiots who were given everything on a silver platter and don't deserve access to special things, the hypocrisy in America is disgusting money does not equal intelligence. If you think these products are bad they need to be banned for everyone. However, I don't think these products are bad, maybe there needs to be some education on them for the avg investor as alot of ppl don't understand how the decay works, but they should definitely not be banned for ppl who don't make a certain amount of money. You should be ashamed of yourself for coming up with such a criteria.
Michael Walsh Comment On Regulatory Notice 22-08
This discrimination against Americans who are not high net worth is ridiculous. You realize most "high net worth" individuals are trust fund idiots who were given everything on a silver platter and don't deserve access to special things, the hypocrisy in America is disgusting money does not equal intelligence. If you think these products are bad they need to be banned for everyone. However, I don't think these products are bad, maybe there needs to be some education on them for the avg investor as alot of ppl don't understand how the decay works, but they should definitely not be banned for ppl who don't make a certain amount of money. You should be ashamed of yourself for coming up with such a criteria.