Matthew Noble Comment On Regulatory Notice 22-08
This regulation would be used by financial advisors to essentially create a tax on individual investors who want to get exposure to certain financial products directly on their own. Perhaps there should be regulations that explicitly lay out risks of certain investments, but to force individuals to take a test or be licensed to directly buy certain investment products is entirely un American. Should we make people take tests to buy lotto tickets? Bet on sports? Go to the casino? Start a business with their own capital? These are all tremendously risky investments as well.