The idea of the simpletons at the SEC deciding what investors can and can't do with their money is appalling to me. In a world where stock manipulation is rampant, perhaps there are other things you could do rather than assume that the public is too stupid to understand the risks involved with their investment decisions. Even if that were true, it should not be within the scope of the SEC to insert itself.
David Walker Comment On Regulatory Notice 22-08
The idea of the simpletons at the SEC deciding what investors can and can't do with their money is appalling to me. In a world where stock manipulation is rampant, perhaps there are other things you could do rather than assume that the public is too stupid to understand the risks involved with their investment decisions. Even if that were true, it should not be within the scope of the SEC to insert itself.