I believe it's each investors responsibility to understand risk of their investment and each institution to provide investment vehicle. It's regulators' responsibility to ensure investment institutions to disclose risk information properly so that individual investors understand the risk they are take. But it's wrong for the government to put regulation in place to limit/eliminate "regulator-perceived" risky assets. Doing so means intentionally creating "financial" injustice/unfair environment.
We need to allow equal access of financial products just like we need to create equal human rights. Regulators needs to put more resources forward to educate and create equally financial opportunities just like expanding human rights. But not to limit access.
Alan Zhao Comment On Regulatory Notice 22-08
I believe it's each investors responsibility to understand risk of their investment and each institution to provide investment vehicle. It's regulators' responsibility to ensure investment institutions to disclose risk information properly so that individual investors understand the risk they are take. But it's wrong for the government to put regulation in place to limit/eliminate "regulator-perceived" risky assets. Doing so means intentionally creating "financial" injustice/unfair environment.
We need to allow equal access of financial products just like we need to create equal human rights. Regulators needs to put more resources forward to educate and create equally financial opportunities just like expanding human rights. But not to limit access.