A **radical** and **unprecedented** threat by regulators could affect your right to buy dozens of popular public investments deemed to be “complex.”
Under the regulations being considered by the Financial Industry Regulatory Authority (FINRA), if some public securities are deemed to be “complex”, you may not be able to buy them unless you:
• Pass a regulator-imposed test of your specialized investment knowledge
• Demonstrate a high net worth
• Get special approval from your broker
• Attest to reading certain materials
• Go through “cooling off periods” during which you can’t invest
**LIST OF INVESTMENTS THAT MAY BE AT RISK:**
• Target Date Funds• Non-Traditional Index Funds (Smart Beta + ESG) • Emerging Market Funds• High Yield Bond Funds • Closed-end Funds • Commodity Funds • Cryptocurrency Funds • Unconstrained Bond Funds • Floating-rate/Leveraged Loan Funds • Leveraged/Inverse Products• Interval Funds• Global Real Estate Funds • ETNs
• Variable Annuities• Defined Outcome ETFs • Volatility-Linked Funds • Currency Funds• Funds using cryptocurrency futures• Non-traded REITs • Business Development Companies • Opportunistic and Tactical, Multi-Strategy Funds • Funds using derivatives for hedging or leverage • Principal Protected Notes• Structured Notes
• Asset-Backed Securities• Funds Selling Short• Start-up Company (IPO) Funds• Funds Investing in Unlisted Securities • Distressed Debt Funds • Absolute Return Funds • Finds of Hedge Funds• Reverse Convertible Notes • Market-linked CDs• Range Accrual Notes • Insurance-Linked Securities
There is a petition running at [www.leteveryoneinvest.com]( http://www.leteveryoneinvest.com/)
