People should be allowed to invest their disposable income however they see fit. I worked for it, gave the government their share, and now you want to tell us how to spend the remainder? This type of regulation will hurt market growth by deterring people from investing as they will no longer be allowed to invest they way they see fit for their long term goals. This also makes FINRA look like they want money funneled to certain types of investments which leads to distrust between FINRA and the investing community. Focus on regulating entities that are disruptive to society (like social media) and let the rest of us prosper the way we want.
Sean North Comment On Regulatory Notice 22-08
People should be allowed to invest their disposable income however they see fit. I worked for it, gave the government their share, and now you want to tell us how to spend the remainder? This type of regulation will hurt market growth by deterring people from investing as they will no longer be allowed to invest they way they see fit for their long term goals. This also makes FINRA look like they want money funneled to certain types of investments which leads to distrust between FINRA and the investing community. Focus on regulating entities that are disruptive to society (like social media) and let the rest of us prosper the way we want.