There is no easier way to say this, this is pure overreach. I am a grown consenting adult, investing my own money, there is absolutely no reason for the government to dictate what securities I can or cannot purchase. These kinds of measures are insulting at best and reinforce the wealth gap at the worst. "Back to work pleb, you aren't good enough to invest here". Is this the message you want to send? That you want the poor to stay poor? That's what a wealth gate looks like to me.
Robert Gresham Comment On Regulatory Notice 22-08
There is no easier way to say this, this is pure overreach. I am a grown consenting adult, investing my own money, there is absolutely no reason for the government to dictate what securities I can or cannot purchase. These kinds of measures are insulting at best and reinforce the wealth gap at the worst. "Back to work pleb, you aren't good enough to invest here". Is this the message you want to send? That you want the poor to stay poor? That's what a wealth gate looks like to me.