Yinghua "Winston' Mei Comment On Regulatory Notice 22-08
Yinghua "Winston' Mei
none
As an individual investor, I will OBJECT too much regulatory requirements on investors. It will NOT protect small investors, instead of creates confusion and overhead (which will be added to investors in some way). Most stocks aren't less risky than leveraged and inverse funds are.
Any proposal that testing specialized investment knowledge, demonstrate a high net worth and go though a cooling off period will just sound great, but in real world, it is NOT to do any help to investor..
The BEST a regulator can do on this subjects are ask Complex Products to publish transparent prospects. I found many prospects is 'hiding' important facts of risk in their lengthy papers and diluting real principle information.
Yinghua "Winston' Mei Comment On Regulatory Notice 22-08
As an individual investor, I will OBJECT too much regulatory requirements on investors. It will NOT protect small investors, instead of creates confusion and overhead (which will be added to investors in some way). Most stocks aren't less risky than leveraged and inverse funds are.
Any proposal that testing specialized investment knowledge, demonstrate a high net worth and go though a cooling off period will just sound great, but in real world, it is NOT to do any help to investor..
The BEST a regulator can do on this subjects are ask Complex Products to publish transparent prospects. I found many prospects is 'hiding' important facts of risk in their lengthy papers and diluting real principle information.