Access to complex public investment products are critical to the advancement of wealth for people of limited means. Yes, their complexity increases risk, but the potential return allows poor people with some riskable savings to at least aspire to have some wealth down the line. To limit people with only a few thousand to 10% per year furthers wealth disparity and is bad for the little guy.
Obaid Rehman Comment On Regulatory Notice 22-08
Access to complex public investment products are critical to the advancement of wealth for people of limited means. Yes, their complexity increases risk, but the potential return allows poor people with some riskable savings to at least aspire to have some wealth down the line. To limit people with only a few thousand to 10% per year furthers wealth disparity and is bad for the little guy.