Michael Sadlon Comment On Regulatory Notice 22-08
As a retail investor, who has been actively trading in the last 2 years and these regulations are very much targeted at, I do not agree with the proposed rule/guidance changes. FINRA has already placed many barriers to retail investors in the form of PDT rules, $25k capital requirements, etc. At no point in my journey as a new trader have I felt that the restrictions benefitted me or protected me and actually feel I have been harmed by the existing limits such as PDT. Learning to trade stocks, options, leveraged ETFs, etc. does take time and requires understanding risk.