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.
These types of securities are no more complex than calls & puts that have been a mainstay of public markets for decades. I have been in the investment & private equity businesses for about 4 decades and these should be allowed to be purchased by the general public just the same way SPAC's (blind pools) have been able to purchased by small investors.
The proposed regulations would unnecessarily infringe on my freedoms to contract privately on financial matters based on my own discretion. Leveraged and inverse funds are an important component of my trading strategies, and I should not have to disclose or satisfy any particular financial means or investment knowledge tests to enter into financial transactions in these products.
Summary
FINRA has amended the requirements relating to Covered Agency Transactions that FINRA originally adopted in 2016. Covered Agency Transactions include (1) To Be Announced transactions, inclusive of adjustable rate mortgage transactions, (2) Specified Pool Transactions and (3) transactions in Collateralized Mortgage Obligations, issued in conformity with a program of an agency or