These investment options are critical to managing portfolio risk for many individuals. They should be available to all, and not just the elite. Implementing a rule such as this would allow the rich to continue to grow wealth while not providing the same opportunities for less wealthy individuals. Everyone deserves the right to decide what instruments they want to invest in. It should be for individuals to decide what to invest in, and regulators should focus on making sure the investment products are well disclosed and properly run instead of trying to decide what individuals can do with their own money.
Patrick Slain Comment On Regulatory Notice 22-08
These investment options are critical to managing portfolio risk for many individuals. They should be available to all, and not just the elite. Implementing a rule such as this would allow the rich to continue to grow wealth while not providing the same opportunities for less wealthy individuals. Everyone deserves the right to decide what instruments they want to invest in. It should be for individuals to decide what to invest in, and regulators should focus on making sure the investment products are well disclosed and properly run instead of trying to decide what individuals can do with their own money.