This proposed regulation seems GROSSLY UNNECESSARY. Individual investors should have access to a wide variety of investment options. They can assess the level of risk they are willing to take on any particular investment. What data do you have that shows any significant number of investors that have been harmed by simple access to these products? Fraud must be prosecuted when it is found to exist from investment sponsors, but denial of access to investment options is a terrible limitation.
Charles Barron Comment On Regulatory Notice 22-08
This proposed regulation seems GROSSLY UNNECESSARY. Individual investors should have access to a wide variety of investment options. They can assess the level of risk they are willing to take on any particular investment. What data do you have that shows any significant number of investors that have been harmed by simple access to these products? Fraud must be prosecuted when it is found to exist from investment sponsors, but denial of access to investment options is a terrible limitation.