William Choquette Comment On Regulatory Notice 22-08

There are so many things wrong with this proposal:
-it discriminates against people based on income
-it's elitist
-it incorrectly assumes more financial education leads to better outcomes. Which is why the vast majority of investment firms under perform the market.
-unless this is announced to happen years ahead of time, it will cause people in these funds to be blind sided by the government.
-You already have to get permissions and sign off on the warning in large firms like fidelity.
-people can move into even more dangerous options.

I've got far more arguments against this but I realize your not going to read this anyway.

Thanks for your time if you do actually read this.