I vehemently disagree with a government entity telling/restricting how I invest my capital. Investing shouldn't be a privilege for the rich only, and that is what this ridiculous consideration is. You will allow banks to get back into business with insider traders like Bill Hwang (how'd that workout by the way?) but want to restrict how the average person invests. Absurd. If your objective is to "protect the average person" from losing money in risky investments then it makes no sense. You'll allow someone to lever through the roof to build a $20B position but I can't risk $10,000 in an investment I've done DD on? Thank you for reading.
Charlie Sault Comment On Regulatory Notice 22-08
I vehemently disagree with a government entity telling/restricting how I invest my capital. Investing shouldn't be a privilege for the rich only, and that is what this ridiculous consideration is. You will allow banks to get back into business with insider traders like Bill Hwang (how'd that workout by the way?) but want to restrict how the average person invests. Absurd. If your objective is to "protect the average person" from losing money in risky investments then it makes no sense. You'll allow someone to lever through the roof to build a $20B position but I can't risk $10,000 in an investment I've done DD on? Thank you for reading.