Nicholas Bodine Comment On Regulatory Notice 22-08
People should have the right to freely invest their own money in public investments without government interference. Part of living in a supposedly free country is the right to do as we please with our own money and this includes making mistakes. Imposing tests, wealth checks, and forcing you to go through a broker is closing off these opportunities to all but the wealthy and the privileged, and forcing a cooling off period can cause investors to miss opportunities. At some point they stop being "public" investments.