I have some concern regarding the FINRA regulatory Notice #22-08. Imposing such regulation on public traded securities is not only harmful but unprecedented. I think most of the retail market can agree that it is an investors right to freely access the entirety of the public securities markets
without arbitrary restrictions is a basic entitlement. Especially with the current state of the US market, striping current investors of the opportunity of said "complex securities" is strictly unfair. Essentially, turning off the ability of large portion of the market to invest in these securities and give investor the change of long-term financial security. FINRAs definition of complex products is so broad, arbitrary, and vague that it could ensnare a vast number of commonly used public securities. Lastly, under the long-standing disclosure-based system, investors have the right to decide which public equities, bonds and funds they want to buy. I would like to remain in power to decide what public securities I can and cannot invest in.
Alex Johnson Comment On Regulatory Notice 22-08
Hello,
I have some concern regarding the FINRA regulatory Notice #22-08. Imposing such regulation on public traded securities is not only harmful but unprecedented. I think most of the retail market can agree that it is an investors right to freely access the entirety of the public securities markets
without arbitrary restrictions is a basic entitlement. Especially with the current state of the US market, striping current investors of the opportunity of said "complex securities" is strictly unfair. Essentially, turning off the ability of large portion of the market to invest in these securities and give investor the change of long-term financial security. FINRAs definition of complex products is so broad, arbitrary, and vague that it could ensnare a vast number of commonly used public securities. Lastly, under the long-standing disclosure-based system, investors have the right to decide which public equities, bonds and funds they want to buy. I would like to remain in power to decide what public securities I can and cannot invest in.