As an investor and an advisor, it's interesting to watch how our representatives deem it necessary to place restrictions on how consumers can invest. In my world, we often talk about how so many people go to college, and they work to obtain a business degree from people who have never owned a business and lived it in the real world. I understand, the investment should be able to offer the investor an opportunity, within reason, so as to give them the right to choose for themselves, and not to be taken advantage of by another. In this case however, some of the investments track an index. It's simple. We cannot create a blanket rule that disallows consumers from benefiting from some investments and not others. If you want to get better at researching these ideas before you rule them out, then help the people convince our representatives to stop wasting money on things that don't affect the person who paid the tax and start using it for their benefit.
Adam Walls Comment On Regulatory Notice 22-08
As an investor and an advisor, it's interesting to watch how our representatives deem it necessary to place restrictions on how consumers can invest. In my world, we often talk about how so many people go to college, and they work to obtain a business degree from people who have never owned a business and lived it in the real world. I understand, the investment should be able to offer the investor an opportunity, within reason, so as to give them the right to choose for themselves, and not to be taken advantage of by another. In this case however, some of the investments track an index. It's simple. We cannot create a blanket rule that disallows consumers from benefiting from some investments and not others. If you want to get better at researching these ideas before you rule them out, then help the people convince our representatives to stop wasting money on things that don't affect the person who paid the tax and start using it for their benefit.