I am saddened to hear that regulators are considering adding more regulations to an already extremely regulated industry. I understand that investing is an inherently risky undertaking and certain regulations are needed to level the playing field, but having the regulators being the all knowing Nanny for what I can and can't invest in, is a bridge too far. Make the risks known, keep the players honest, but then let the free market system operate. You ARE NOT called to protect everyone from everything.
Steven Mesibov Comment On Regulatory Notice 22-08
I am saddened to hear that regulators are considering adding more regulations to an already extremely regulated industry. I understand that investing is an inherently risky undertaking and certain regulations are needed to level the playing field, but having the regulators being the all knowing Nanny for what I can and can't invest in, is a bridge too far. Make the risks known, keep the players honest, but then let the free market system operate. You ARE NOT called to protect everyone from everything.