There should be zero limitations on investment. FINRA should roll back the draconian private company investment rules and leave the public markets alone. Inevitably these regulations will discourage investment. Options are not always a gambling vehicle, they are used as a hedge by investors and you know this. Specifying an income or net worth is asinine. Leave the markets alone. Every person should have equal investing rights period. Specifying an income limit on which persons gets to invest with options seems borderline unconstitutional and hypocritical. Americans can walk into any casino or gas station and gamble their life savings away no problem no limits. But god forbid they invest in options! (Sarcasm) We need to stop them before they learn about something that is actually useful! (More sarcasm). Instead of limiting individuals from investing, how about FINRA provides a thorough 1-2 hour educational program that every investor needs to sit through to open up access to options? That would weed out 90% of the robinhood crowd anyway. Do not limit access to the markets!!!! Especially by income! A 23 year old with zero dollars and a masters degree in finance knows a lot more than a 55 year old worth a million dollars that never invested before. Remove all income based limits (private and public)
Ryan Neary Comment On Regulatory Notice 22-08
There should be zero limitations on investment. FINRA should roll back the draconian private company investment rules and leave the public markets alone. Inevitably these regulations will discourage investment. Options are not always a gambling vehicle, they are used as a hedge by investors and you know this. Specifying an income or net worth is asinine. Leave the markets alone. Every person should have equal investing rights period. Specifying an income limit on which persons gets to invest with options seems borderline unconstitutional and hypocritical. Americans can walk into any casino or gas station and gamble their life savings away no problem no limits. But god forbid they invest in options! (Sarcasm) We need to stop them before they learn about something that is actually useful! (More sarcasm). Instead of limiting individuals from investing, how about FINRA provides a thorough 1-2 hour educational program that every investor needs to sit through to open up access to options? That would weed out 90% of the robinhood crowd anyway. Do not limit access to the markets!!!! Especially by income! A 23 year old with zero dollars and a masters degree in finance knows a lot more than a 55 year old worth a million dollars that never invested before. Remove all income based limits (private and public)