April 17, 2020
I think this new proposed rule is overkill and highly restrictive of my ability to create a portfolio that meets my needs while understanding the relative risks involved. We already have to sign an agreement stating that we are qualified to invest in derivative assets and that we understand the risks involved and any potential loss that might incur from said investment. We don't need to be baby sat or hand held by big brother. Their are already laws in place to handle disputes that may occur. The only thing I think might be worth exploring is education classes via a fiduciary for those individuals interested in investing in such assets whom may not have any industry experience.