Americans should be able to invest however they want to invest without requiring any government approval. The government cannot keep nannying over the American public, considering how bad they are at nannying themselves. The unintended consequences of this will be brutal, so many entities will not get the investment it needs and many Americans will be split by who's rich enough to invest in the secret regulated securities and who's not. This undemocratizes investing and favors the rich. This does not protect anyone. FINRA is another agency who's sole intention is to keep furthering the wealth divide with more regulations. How about we audit FINRA instead.
Nicholas Neris Comment On Regulatory Notice 22-08
Americans should be able to invest however they want to invest without requiring any government approval. The government cannot keep nannying over the American public, considering how bad they are at nannying themselves. The unintended consequences of this will be brutal, so many entities will not get the investment it needs and many Americans will be split by who's rich enough to invest in the secret regulated securities and who's not. This undemocratizes investing and favors the rich. This does not protect anyone. FINRA is another agency who's sole intention is to keep furthering the wealth divide with more regulations. How about we audit FINRA instead.