Nicholas Bodine Comment On Regulatory Notice 22-08
Nicholas Bodine
N/A
People should have the right to freely invest their own money in public investments without government interference. Part of living in a supposedly free country is the right to do as we please with our own money and this includes making mistakes. Imposing tests, wealth checks, and forcing you to go through a broker is closing off these opportunities to all but the wealthy and the privileged, and forcing a cooling off period can cause investors to miss opportunities. At some point they stop being "public" investments. Closing off opportunities to the majority who manage their own investments and finances and who don't want to pay brokers for the "privilege" of investing in "public" investment opportunities to protect a vast minority who don't know what they are investing in, and who will still have the freedom to make plenty of alternative mistakes, is outright wrong. Where does it end, what is going to be closed off to regular investors next?
Nicholas Bodine Comment On Regulatory Notice 22-08
People should have the right to freely invest their own money in public investments without government interference. Part of living in a supposedly free country is the right to do as we please with our own money and this includes making mistakes. Imposing tests, wealth checks, and forcing you to go through a broker is closing off these opportunities to all but the wealthy and the privileged, and forcing a cooling off period can cause investors to miss opportunities. At some point they stop being "public" investments. Closing off opportunities to the majority who manage their own investments and finances and who don't want to pay brokers for the "privilege" of investing in "public" investment opportunities to protect a vast minority who don't know what they are investing in, and who will still have the freedom to make plenty of alternative mistakes, is outright wrong. Where does it end, what is going to be closed off to regular investors next?