Do not block retail traders from making money under the auspices of "this is because you are too stupid and poor to be allowed to invest on your own." This proposal is insulting and transparent.
"Special tests" to invest is classist and racist. You are trying to block minorities and anyone who can't afford the time and money you determine is "enough to qualify" as a "qualified investor" from participating in the market.
Marc Reid Comment On Regulatory Notice 22-08
Do not block retail traders from making money under the auspices of "this is because you are too stupid and poor to be allowed to invest on your own." This proposal is insulting and transparent.
"Special tests" to invest is classist and racist. You are trying to block minorities and anyone who can't afford the time and money you determine is "enough to qualify" as a "qualified investor" from participating in the market.
Discrimination like this will never be tolerable.