Investing is a personal right and should not be regulated away from private individuals. The things you should be regulating and/or stopping is the back-door dealings the elected officials are allowed, by turning a blind eye. In turn allowing them to make millions from these dealings while in and after leaving public office!
I think the SEC should stop limiting more financial products for only accredited investors. General retail investors are already not allowed to invest in alternative assets such as VC, PE, growth equity and private credit funds that have consistently generated significant alpha over public market returns
Summary
FINRA is adding two new Rule 4530 Problem Codes related to SEC Regulation Best Interest (Reg BI) and Form CRS, and making related amendments to the existing Rule 4530 Problem Code related to suitability. Starting on July 18, 2020, firms can use new Problem Code 16–Reg BI and new Problem Code 17–Form CRS, when applicable, to report customer complaint information and required documents
Dear Ms. Mitchell,I am the owner of a Registered Investment Advisory firm in Houston, Texas, with five employees and a registered representative of an unaffiliated FINRA member firm.My position is that rule 3290 in regulatory notice 25–05 would duplicate oversight, and the inefficiency is likely to create unnecessary complexity for RAA’s, unaffiliated Broker Dealers, and most importantly, valued
Any regulation impeding the right of private investors to invest their own money as they see fit violates the freedom of commerce and freedom of association long understood as logical extensions of the Bill of Rights' 1st amendment protections of free speech, petition and assembly, and has no place under American constitutional law.
Please don't hurt the little guy by removing these valuable tools that enable small investors, at very low cost, to protect our nest eggs against big drawdowns. Big investors have ready access to these sort of tools, but as a small private investor I won't, if you remove these from the marketplace.
I strongly support allowing non-Accredited investors to invest in private companies and complex investments. If investor protections are needed for non sophisticated investors, they MUST allow a reasonable method for non-wealthy investors to show expertise and make these Investments!
Restricting complex Investments only to the wealthy and registered Investment Advisors is not acceptable in a
The proposed legislation is vague to the point where it allows fairly unhindered interference by regulators in the market, and fundamentally skews it against the private individual investor. This is an action which will directly contribute to economic and other inequities, for which future generations will hold this administration responsible, regardless of what rhetoric it chooses to dress its
It's my family's money at risk. We are perfectly capable of understanding leveraged and inverse funds. Let us decide which vehicles we use. This proposal will only help the large institutions by once again handicapping the private investors even more with so called rules designed to "protect" them.
This is troublesome. Privatizing public investment resources is not a reasonable measure. There is literally no precedence in place to support the proposal, much less to enact it. Steering anyone who wants to choose their own investment path, over to brokerage is evidence of foul play among the elite. This wont go well, not will it hold up in the legal process.
