I'm a currency trader and the Dodd-Frank act already makes my life complicated by regulating what kind of trades I can and can't make, "for my benefit", as if I'm a child, forcing me to have to use a foreign broker. Now, they want to further regulate what I can buy "to protect me", again, as if I'm a child. You can't bubble wrap the world, and every new regulation makes everything more complicated, not less.
Michael Wylie Comment On Regulatory Notice 22-08
I'm a currency trader and the Dodd-Frank act already makes my life complicated by regulating what kind of trades I can and can't make, "for my benefit", as if I'm a child, forcing me to have to use a foreign broker. Now, they want to further regulate what I can buy "to protect me", again, as if I'm a child. You can't bubble wrap the world, and every new regulation makes everything more complicated, not less.