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Anthony Parrish Comment On Regulatory Notice 22-08

Anthony Parrish
N/A

To FINRA, While it may seem to you and any so called 'regulatory' body that you hold the ultimate decision in what free citizens can and cannot do with their property, this is not the case. Under the Constitution, of which you are subordinate, you may not unduly infringe upon the rights of the individual citizen to dispose of their property as they see fit unless they have violated the social contract by transgressing the laws duly passed by the legislature. As the proposed rule is not being passed by the legislature, and if it were would be deemed unconstitutional by the federal courts, you must not attempt to codify or enforce this rule. Even if your agency were to do so, said rule would be invalid as the citizen's rights under the constitution far exceed your questionable and extremely limited authority. I, as a free citizen, have the right to dispose of my property and the fruits of my labor as I see fit unless doing so breaks a legitimate law passed by the elected congress and upheld by the constitution. You as a 'regulatory' body do not have the right or the foreknowledge necessary to decide how I should or should not dispose of or invest my property. Even if you were to think me incapable of understanding the risk of my investment, such risk assessment is not within your authority to make for me as your authority comes from my acquiescence as citizen and free individual. I should not have to prove to you, whose authority rests ultimately with myself and the other citizens of the United States, that I am capable or knowledgeable or able to risk however much or little in any particular investment. To assume you have this authority is to assume that the instrument has the right to direct the player of the instrument! You as a regulatory body are subject to the authority of the citizens via the duly elected legislature and thus the will of the citizens through their representatives is your mandate; you cannot on the other hand mandate to citizens what they can an cannot do within the bounds of U.S. law to which any of your so called 'rules' are subservient. It is time you and every other so called 'regulatory' body began to understand their place in the constitutional scheme and this proposed rule is far outside your authority which is again derived from my consent and delegated authority which I have constitutionally delegated to the Congress, not to you. The authority to make law is solely that of the Congress and as it is vested in the congress, it cannot be delegated to you. As such please cease codification or implementation of this and all illegitimate rules that you have errantly thrust upon the citizens to whom you are subservient.