Glenn Hashiguchi Comment On Regulatory Notice 22-08
Let me ask you, who gives you the authority to determine if any investments are too complex for me? You're supposed to protect me from unscrupulous brokers. So now you're protecting me from myself? I am an individual investor.
So now I'm too stupid to not educate myself on investing? I need you to make me:
1. Pass a regulator-imposed test of your specialized investment knowledge
2. Demonstrate a high net worth
Why do I need to prove this? If I'm investing in $500 in an inverse fund, why do I need a high net worth?