Are you seriously considering g the rights of small investors? The concept that we would have to move to a hedge fund, or to the options markets, both open options, but far less protective than the 40 Act seems absurd. What jurisdiction does Finra have, they arent considered under the 40 Act. Once again, this appears to be a power grab by an over zealous regulator.
Alan Reid Comment On Regulatory Notice 22-08
Are you seriously considering g the rights of small investors? The concept that we would have to move to a hedge fund, or to the options markets, both open options, but far less protective than the 40 Act seems absurd. What jurisdiction does Finra have, they arent considered under the 40 Act. Once again, this appears to be a power grab by an over zealous regulator.