Oct. 26, 2022
I am an individual retail investor in support of expanding definitions of investment advisors, however I believe that it is crucial that the the advised parties have the advisors positions disclosed to prevent conflicts of interest when providing information. However when an advisor provides publicly an opinion of a stock or market and does not receive compensation and does not have any potential conflicts of interest it should remain allowed. My example being reddit forums, lots of good and bad information there but also not necessarily financial advice being given, just speculation and opinion. When Jim Cramer tries to sway people into decisions on though, we have no idea whether he or any accounts affiliated to him are long or short the positions he's pushing. That clearly needs to change. Thank you for the extended comment period.