Philip Baggett MBA Comment On Regulatory Notice 22-08
Philip Baggett MBA
N/A
Limiting the accessibility of complex financial products to retail investors under the guise of protecting them is disingenuous. Nobody cares more about my money than me and before I throw my capital at something I make sure to understand it. I assume most serious investors are equally rational. This attempt to restrict retail investors appears to be an attempt to protect institutional investors from leveraged contrarian investments from retail. Maybe FINRA should restrict institutional access and require prohibitive barriers to entry for them since they frequently lose so much.
Philip Baggett MBA Comment On Regulatory Notice 22-08
Limiting the accessibility of complex financial products to retail investors under the guise of protecting them is disingenuous. Nobody cares more about my money than me and before I throw my capital at something I make sure to understand it. I assume most serious investors are equally rational. This attempt to restrict retail investors appears to be an attempt to protect institutional investors from leveraged contrarian investments from retail. Maybe FINRA should restrict institutional access and require prohibitive barriers to entry for them since they frequently lose so much.