Narrowing down those who can invest in certain instruments to only those who have a certain net worth or putting other logistical challenges which only people of a certain class can engage in is classism. Just because someone has a lower networth does not necessarily mean they have the inability to discern important investment strategies. Furthermore, if an investment vehicle, however "complex", is a very good option then this regulation will allow those with certain wealth to outcompete those without and does not create a level playing field. At the same time, I under that certain trading carries risks, and can be thought of us gambling. But then gambling should only be allowed for people with a certain net worth or equity....
Jeremy Koelmel Comment On Regulatory Notice 22-08
Narrowing down those who can invest in certain instruments to only those who have a certain net worth or putting other logistical challenges which only people of a certain class can engage in is classism. Just because someone has a lower networth does not necessarily mean they have the inability to discern important investment strategies. Furthermore, if an investment vehicle, however "complex", is a very good option then this regulation will allow those with certain wealth to outcompete those without and does not create a level playing field. At the same time, I under that certain trading carries risks, and can be thought of us gambling. But then gambling should only be allowed for people with a certain net worth or equity....