Dear SEC, It is OK to obtain a signed statement from an investor, attesting to the fact that he/she has been made aware of the riskiness of certain types of investment. It's also OK if a broker/banker declines to allow certain investments by any customer or client. Beyond that, people must be allowed to make their own assessments and decisions, wise or unwise.
Philip Palmer Comment On Regulatory Notice 22-08
Dear SEC, It is OK to obtain a signed statement from an investor, attesting to the fact that he/she has been made aware of the riskiness of certain types of investment. It's also OK if a broker/banker declines to allow certain investments by any customer or client. Beyond that, people must be allowed to make their own assessments and decisions, wise or unwise.