Robert Stickles Comment On Regulatory Notice 22-08
Robert Stickles
Financial Analyst
It is simply un-American and wrong to restrict access to certain investment vehicles simply because FINRA has generalized that the average retail investor is incapable of comprehending the products in which they invest in. From someone who has been studying leveraged funds for years now, please do not do this. One could argue that investing in small biotech stocks or "Bottom Fishing" stocks is riskier than some of these funds. But does that mean we should be restricted from doing it? Of course not. Add more disclosures, make people attend a class once, but please do not do this. This would be a huge mistake and a disservice to everyone who has dedicated a chunk of their lives studying these funds.
Robert Stickles Comment On Regulatory Notice 22-08
It is simply un-American and wrong to restrict access to certain investment vehicles simply because FINRA has generalized that the average retail investor is incapable of comprehending the products in which they invest in. From someone who has been studying leveraged funds for years now, please do not do this. One could argue that investing in small biotech stocks or "Bottom Fishing" stocks is riskier than some of these funds. But does that mean we should be restricted from doing it? Of course not. Add more disclosures, make people attend a class once, but please do not do this. This would be a huge mistake and a disservice to everyone who has dedicated a chunk of their lives studying these funds.