Robert Peterson Comment On Regulatory Notice 22-08
Robert Peterson
N/A
I guess the idea of more far-reaching regulations is to protect some some investors from losing money. But what about those who might make money? Why should policy be based on one group, and not the other? But even if it would save all investors money, I would still opposed to it -- because it is not the role of government to effectively be making investment decisions for its citizens. The whole premise behind that is one that is inconsistent with a free people. Such a policy would foster a state of mind that would be inconsistent with a free person. Short of extreme poverty, freedom is more important than money. Ironically enough, however, it is freedom, not regulation, that is the basis of a sound economy. And freedom doesn't flourish if government makes their decisions for them. Publish all the warnings you want, all the cautionary data you want -- but leave the decision to the investor. Thank you for your attention.
Robert Peterson Comment On Regulatory Notice 22-08
I guess the idea of more far-reaching regulations is to protect some some investors from losing money. But what about those who might make money? Why should policy be based on one group, and not the other? But even if it would save all investors money, I would still opposed to it -- because it is not the role of government to effectively be making investment decisions for its citizens. The whole premise behind that is one that is inconsistent with a free people. Such a policy would foster a state of mind that would be inconsistent with a free person. Short of extreme poverty, freedom is more important than money. Ironically enough, however, it is freedom, not regulation, that is the basis of a sound economy. And freedom doesn't flourish if government makes their decisions for them. Publish all the warnings you want, all the cautionary data you want -- but leave the decision to the investor. Thank you for your attention.