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James Black Comment On Regulatory Notice 22-08

I support FINRA Regulatory Notice #22-08. Complex investment scheme should be limited as they're deemed to be highly risky for lay person. Greedy broker and fund investors take high commissions and fees while tricking people those funds are in high yield.

For people would like to invest, they NEED:
Pass a regulator-imposed test of your specialized investment knowledge
Demonstrate a high net worth
Get special approval from your broker
Attest to reading certain materials
Go through cooling off periods during which you cant invest

Duilio Cioffi Comment On Regulatory Notice 22-08

Why is it that the very people, namely those in government, who become very wealthy while serving those of us that pay their salaries, become the arbiters of how U. S. citizens, that have the freedoms under our laws, on how, or not, to choose investing lawfully in publicly traded financial instruments ? From the history of previous several decades of government budgeting and spending, it should be obvious that they should be the very last on telling us how, and what to be doing with our hard earned money.