I actually agree with the proposal as I understand it. If the .com meltdown and especially '08 meltdowns have taught us anything, it's that it is not a level playing field when it comes to knowledge of financial markets and people need to be, if not protected from themselves, then at least given a 'reality check' concerning their suitability to be investing in highly leveraged and risky instruments.
Daniel Bobrow Comment On Regulatory Notice 22-08
I actually agree with the proposal as I understand it. If the .com meltdown and especially '08 meltdowns have taught us anything, it's that it is not a level playing field when it comes to knowledge of financial markets and people need to be, if not protected from themselves, then at least given a 'reality check' concerning their suitability to be investing in highly leveraged and risky instruments.