I believe restricting investment opportunities to the average investor damages public trust in the market's equality, something I already have concerns about. Large organizations already have key advantages in the market on the breadth of data, market timing and trade execution. By the act of choosing to invest through a platform or broker it is already assumed and advised that the investor carries risk, and the complexity of the investment doesn't necessarily correlate to that risk. I am all for investor education and informational warnings. However, I think any kind of required barrier to pass before investing is inherently discriminatory and has no place in the market.
Andrew King Comment On Regulatory Notice 22-08
I believe restricting investment opportunities to the average investor damages public trust in the market's equality, something I already have concerns about. Large organizations already have key advantages in the market on the breadth of data, market timing and trade execution. By the act of choosing to invest through a platform or broker it is already assumed and advised that the investor carries risk, and the complexity of the investment doesn't necessarily correlate to that risk. I am all for investor education and informational warnings. However, I think any kind of required barrier to pass before investing is inherently discriminatory and has no place in the market.