Worry about regulating what retail investors are allowed to do after insider trading inside congress is dealt with. Aside from that soundbite, it's an absolute joke. Gambling is legal throughout much of the US, and nobody makes sure you understand roulette before you participate. The reality is that sometimes people make bad decisions and lack the proper knowledge to make the decision in the first place. Doing your own car maintenance if you don't have mechanical knowledge is ill advised, and potentially very costly. That doesn't mean it's regulators responsibility to strip away our rights to self repair our own things. Striping rights from responsible investors who devote a small portion of their capital to more risky investments, in an effort to "protect" irresponsible gamblers is utterly immoral.
Ashlyn Croft Comment On Regulatory Notice 22-08
Worry about regulating what retail investors are allowed to do after insider trading inside congress is dealt with. Aside from that soundbite, it's an absolute joke. Gambling is legal throughout much of the US, and nobody makes sure you understand roulette before you participate. The reality is that sometimes people make bad decisions and lack the proper knowledge to make the decision in the first place. Doing your own car maintenance if you don't have mechanical knowledge is ill advised, and potentially very costly. That doesn't mean it's regulators responsibility to strip away our rights to self repair our own things. Striping rights from responsible investors who devote a small portion of their capital to more risky investments, in an effort to "protect" irresponsible gamblers is utterly immoral.