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
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.
No where in the Bill of Rights does it allow the federal government, or any of its derivative agencies, to insert themselves whatsoever into the personal investment decisions of private citizens. This proposed regulation overreach and others like it have and will errode trust in government institutions, and lead to law suits asserting constitutional rights violations in federal court.
It's time for the government to stay out of private citizens business. I have no money to invest thanks to government high taxes because the people running this country have no common sense that American s should come first. It needs to stop already. Keep your nose out of investments and everything else that is not governments busines
I believe that these regulations do less to protect the "safety" of the average consumer then they do provide a considerable advantage in the markets for high net worth persons who have the resources to replicate these investments with their private money managers. If you want more equitable and safe markets then merely provide a education warning when trading these securities.
Comments: Please do not limit investors' ability to trade "complex products" including leveraged and inverse funds. These products are not confusing. If you want to make sure investors are aware of what they are investing in then have them read a waiver in advance. Otherwise, there should be no restriction on what a private investor should be able to invest in in this manner.
