Existing controls for access and use of higher performance/risk instruments are designed to and do adequately protect the investor.
Through the brokerage/firm, the investor is required to review and agree to very clearly stated statements as to the risk that leveraged (or otherwise higher risk) instruments carry. Responsibility for the outome of poor investment decisions lies squarely with the individual who seeks to gamble with such investments.
Lack of competency in investing by reckless individuals should not come at the price of eliminating advanced investment methods by the public norm.
Gambling is a recognized disease, and its carryover into the investing realm should NOT be dealt with by eliminating opportunities for the well meaning, educated population.
David Locke Comment On Regulatory Notice 22-08
Estute Regulators,
Existing controls for access and use of higher performance/risk instruments are designed to and do adequately protect the investor.
Through the brokerage/firm, the investor is required to review and agree to very clearly stated statements as to the risk that leveraged (or otherwise higher risk) instruments carry. Responsibility for the outome of poor investment decisions lies squarely with the individual who seeks to gamble with such investments.
Lack of competency in investing by reckless individuals should not come at the price of eliminating advanced investment methods by the public norm.
Gambling is a recognized disease, and its carryover into the investing realm should NOT be dealt with by eliminating opportunities for the well meaning, educated population.
Thank you for your consideration of my statement.