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Roger Porter Comment On Regulatory Notice 22-08

Roger Porter
N/A

The proposed regulatory changes are embarrassing - to FINRA and the SEC, and an insult to investors. I should be able to make investments in the targeted public securities that I believe are in my (and my family's) best interests without going through a special process. Further, given all the extreme movements in individual stocks recently (Gamestop exemplifies), why limit the initiative to the targeted securities? It's arbitrary to so limit, simply apply the ill-advised proposed restrictions to ALL SECURITIES (sarcasm intended). The message that we investors are too ignorant to manage our investment risk is insulting. And the proposed restrictions create obstacles for smaller investors (that lack capital to 'short' and use other more sophisticated hedging techniques) seeking to use the targeted products for hedging to reduce our portfolio's risk. We small investors are more than tired of being 'protected' from our imagined ignorance, with the cost of such 'protection' being unfair impediments imposed on us. Please abandon your proposal, as your heavy handed treatment of us as children will further inflame a very large part of our society.