I have been involved with the financial markets for 50 years this coming month. The proposals that are being proposed, although they seem to make sense on the surface, will make matters far worse for the general public and the institutions that manage pension funds. Many investors, professional and general public, use these products to provide insurance for their investments. Without this insurance people will be less inclined to invest and if these measures are approved will seek to divest what would then be perceived as excessive exposure to the financial markets. The resulting decline in prices will further serve to limit future capital expansion in this and world economies - at a minimum.
Paul Legrand Comment On Regulatory Notice 22-08
I have been involved with the financial markets for 50 years this coming month. The proposals that are being proposed, although they seem to make sense on the surface, will make matters far worse for the general public and the institutions that manage pension funds. Many investors, professional and general public, use these products to provide insurance for their investments. Without this insurance people will be less inclined to invest and if these measures are approved will seek to divest what would then be perceived as excessive exposure to the financial markets. The resulting decline in prices will further serve to limit future capital expansion in this and world economies - at a minimum.
Sincerely,