It is your duty to know your risk when you make an investment. The investor needs to be provided with the benefit of doubt that sufficient due diligence is completed, before the investment is made. Opportunity and risk must go hand in hand. The risk in opening a business is significantly greater than these investments and anyone can open a business with minimal restrictions. A person opening a business may leverage any asset they have or use up all of their credit to initiate the business or keep it afloat. The elimination of an investment opportunity should never supersede the implementation of proper vetting and common sense regulation.
Andrew Shear Comment On Regulatory Notice 22-08
It is your duty to know your risk when you make an investment. The investor needs to be provided with the benefit of doubt that sufficient due diligence is completed, before the investment is made. Opportunity and risk must go hand in hand. The risk in opening a business is significantly greater than these investments and anyone can open a business with minimal restrictions. A person opening a business may leverage any asset they have or use up all of their credit to initiate the business or keep it afloat. The elimination of an investment opportunity should never supersede the implementation of proper vetting and common sense regulation.