Regular investors already can not purchase shares in private companies. These newly proposed rules will make access to good investment even more elitist. Frankly, this is a severe move backwards and will enrage thousands. Regulators are supposed to help and protect the people. These rules do none of that. These rules give can edge to a class of people and investors that already have a huge edge. How is someone supposed to build their wealth and become a sophisticated investor/trader if you cut off their access to perfectly good products. Also, I do not understand how you can impose a net worth threshold when again all your doing is cutting off tools for people to build their worth and trade/invest
Jalen Johnson Comment On Regulatory Notice 22-08
Regular investors already can not purchase shares in private companies. These newly proposed rules will make access to good investment even more elitist. Frankly, this is a severe move backwards and will enrage thousands. Regulators are supposed to help and protect the people. These rules do none of that. These rules give can edge to a class of people and investors that already have a huge edge. How is someone supposed to build their wealth and become a sophisticated investor/trader if you cut off their access to perfectly good products. Also, I do not understand how you can impose a net worth threshold when again all your doing is cutting off tools for people to build their worth and trade/invest