I wish to register my strong opposition to regulations being considered by FINRA that would require me, as an individual investor, to meet certain knowledge, net worth, approval, reading, or cooling off period requirements as a prerequisite to investing in certain investments.
I and other citizens are quite capable of doing our own research and making our own investment decisions. We do not need a federal body to arbitrarily decide whether we are smart enough to understand a particular investment, nor tell us what we can and cannot invest in, or what "requirements" we must meet to do so. Public investments should be open to the entire public, not just an arbitrarily-defined few. A citizen's money is his/her own, and it is their right to invest it where they choose.
Doug Taylor Comment On Regulatory Notice 22-08
I wish to register my strong opposition to regulations being considered by FINRA that would require me, as an individual investor, to meet certain knowledge, net worth, approval, reading, or cooling off period requirements as a prerequisite to investing in certain investments.
I and other citizens are quite capable of doing our own research and making our own investment decisions. We do not need a federal body to arbitrarily decide whether we are smart enough to understand a particular investment, nor tell us what we can and cannot invest in, or what "requirements" we must meet to do so. Public investments should be open to the entire public, not just an arbitrarily-defined few. A citizen's money is his/her own, and it is their right to invest it where they choose.
Thank you.