The proposed rule is another example of limiting small investors and speculators with the excuse of protecting them. This paternalistic approach only favors the larger investors by making various investment instruments and strategies more difficult to access. This is quite interesting considering it is occurring at a time when it is clear that they will become especially useful. I am completely against this rule. It is becoming more clear that not everyones money is the same. Some will have access and others are excluded because they are deemed to be not intelligent enough. Why allow the average individual to invest at all? If youre able to invest, then you are able to understand the concept of risk or learn that lesson very quickly. Isnt that what it means to be a free adult?
Jonathan Kim Comment On Regulatory Notice 22-08
The proposed rule is another example of limiting small investors and speculators with the excuse of protecting them. This paternalistic approach only favors the larger investors by making various investment instruments and strategies more difficult to access. This is quite interesting considering it is occurring at a time when it is clear that they will become especially useful. I am completely against this rule. It is becoming more clear that not everyones money is the same. Some will have access and others are excluded because they are deemed to be not intelligent enough. Why allow the average individual to invest at all? If youre able to invest, then you are able to understand the concept of risk or learn that lesson very quickly. Isnt that what it means to be a free adult?