No! We do not need further restrictions, permissions from mommy, brokers or big government to invest. We do not need tests or any other restrictive device. Markets are efficient, most investors know the risks and will allocate their resources accordingly. A clearly worded prospectus that explains the risks specific to that instrument are all thats needed.
John Plewa Comment On Regulatory Notice 22-08
No! We do not need further restrictions, permissions from mommy, brokers or big government to invest. We do not need tests or any other restrictive device. Markets are efficient, most investors know the risks and will allocate their resources accordingly. A clearly worded prospectus that explains the risks specific to that instrument are all thats needed.