I want to choose my investments and NOT have regulators restrict me. I do not want them "protecting" me. Let me take my own risks. I am a financial professional and don't want to take any test to "qualify me". If I lose my investment, I will not be looking for a bail out. It is my responsibility to assess my own risks. The only exception is if the fund fails to adequately disclosed my risks, or communicates deceptively.
Ted Kawai Comment On Regulatory Notice 22-08
I want to choose my investments and NOT have regulators restrict me. I do not want them "protecting" me. Let me take my own risks. I am a financial professional and don't want to take any test to "qualify me". If I lose my investment, I will not be looking for a bail out. It is my responsibility to assess my own risks. The only exception is if the fund fails to adequately disclosed my risks, or communicates deceptively.
I do not believe in big government.