I understand that you are thinking of restricting my right to invest in certain public investments ("complex products"). Please stop trying to regulate everything!
These investments (such as leveraged funds) should be available to everyone, no matter one's income; and passing a test to prove I understand them should not be necessary.
It is one thing to fine a financial professional that misleads their client on these, but another to assume that self-directed investors cannot be trusted to make their own decisions.
Lisa Morris Comment On Regulatory Notice 22-08
I understand that you are thinking of restricting my right to invest in certain public investments ("complex products"). Please stop trying to regulate everything!
These investments (such as leveraged funds) should be available to everyone, no matter one's income; and passing a test to prove I understand them should not be necessary.
It is one thing to fine a financial professional that misleads their client on these, but another to assume that self-directed investors cannot be trusted to make their own decisions.