March 10, 2020
This is a regulation trying to solve a problem which does not exist. Investment involves risks and these risks are not going to be changed by additional regulation. There are always winners and losers in the market and the losers will sometimes want to blame others for their choices. I have made winning and losing choices but I do not see how additional rule making and burdensome regulation would have changed that except to restrict my choices. In fact this regulation may force investors to use more volatile and self liquidating investments for their portfolio.
It is telling that one of the only supporters of this regulation on this website is anonymous Private Private who wants to be reimbursed for his personal investment decisions. If losing money on an investment is the criteria for burdensome regulation then the entire construct of the investment market is called into question.
I STRONGLY OPPOSE RELEASE No, 34-87607, DATED NOVEMBER 25,2019