I am strongly against this proposed regulation change.
I believe that I'm smart enought to
(A) Not invest more than can afford to lose.
(B) Do my due diligence and do thorough investigation into investments BEFORE investing.
I also feel that it should be up to me to decide what public investments I do or do not invest in.
I don't believe that it would be in the publics best interest to have take a test, or be a high net worth individual. It also sounds like trying keep the have nots supressed by not allowing them to invest in public offerings that could help elevat from current net worth to a higher level.
Phillip Adams Comment On Regulatory Notice 22-08
I am strongly against this proposed regulation change.
I believe that I'm smart enought to
(A) Not invest more than can afford to lose.
(B) Do my due diligence and do thorough investigation into investments BEFORE investing.
I also feel that it should be up to me to decide what public investments I do or do not invest in.
I don't believe that it would be in the publics best interest to have take a test, or be a high net worth individual. It also sounds like trying keep the have nots supressed by not allowing them to invest in public offerings that could help elevat from current net worth to a higher level.