Dear FINRA,
I think the current rules for investors are sufficient and there should not be more regulations placed on people in making investment decisions. I believe the vast majority of investors understand the risks of being in the market. Leveraged investments and those for accredited investors provided needed capital and are valuable tools in managing risk in a portfolio. Investors do not want to be limited to the financial industry ideas and products and like to develop their own style and philosophy without more constraints. Investor know they can lose money and don't want big brother adding more constraints. Any attempt to restrict the "complex" options smells of financial industry lobbing to take valuable tools from investors and keep them for themselves or charge even more fees to use them. Leaving regulations as is provides competition the big guys don't like. I implore you not to add restrictions that play into their hands.
Stuart Michalk Comment On Regulatory Notice 22-08
Dear FINRA,
I think the current rules for investors are sufficient and there should not be more regulations placed on people in making investment decisions. I believe the vast majority of investors understand the risks of being in the market. Leveraged investments and those for accredited investors provided needed capital and are valuable tools in managing risk in a portfolio. Investors do not want to be limited to the financial industry ideas and products and like to develop their own style and philosophy without more constraints. Investor know they can lose money and don't want big brother adding more constraints. Any attempt to restrict the "complex" options smells of financial industry lobbing to take valuable tools from investors and keep them for themselves or charge even more fees to use them. Leaving regulations as is provides competition the big guys don't like. I implore you not to add restrictions that play into their hands.