It is my belief that a market should be open and fair and that each market participant regardless of funds or experience should be able to have access to the same tools and be able to take on whatever risk they feel comfortable with. By denying some investors access to products and not others, you are creating a two tier system which is the antithesis of a free market. You are also giving one group a leg up against the other. This will create animosity and distrust in the financial system and erode away confidence in our regulatory institutions.
Joseph Polomny Comment On Regulatory Notice 22-08
It is my belief that a market should be open and fair and that each market participant regardless of funds or experience should be able to have access to the same tools and be able to take on whatever risk they feel comfortable with. By denying some investors access to products and not others, you are creating a two tier system which is the antithesis of a free market. You are also giving one group a leg up against the other. This will create animosity and distrust in the financial system and erode away confidence in our regulatory institutions.