In today's investment world, it is more important than ever that sufficient regulation and enforcement exists such that the most vulnerable members of the public will be protected from the most unscrupulous of brokers. If an individual lacks the knowledge necessary to explain an investment and why it is a suitable product for them, they shouldn't be allowed to buy it.
Charles Smith Comment On Regulatory Notice 22-08
In today's investment world, it is more important than ever that sufficient regulation and enforcement exists such that the most vulnerable members of the public will be protected from the most unscrupulous of brokers. If an individual lacks the knowledge necessary to explain an investment and why it is a suitable product for them, they shouldn't be allowed to buy it.