Thomas Szymczak Comment On Regulatory Notice 22-08
Thomas Szymczak
N/A
I oppose adding restrictions to trading financial products deemed "complex" because people are ultimately responsible for managing their own money. Regulating these products would make it harder for people to maximize their returns, hedge, and speculate. Speculation is much maligned, but ultimately, it keeps markets efficient and people should have ready access to high-risk/high-reward trades if they desire. The job of the government in investment markets is to require transparency and stop fraud, not nanny adults on managing their own money.
Thomas Szymczak Comment On Regulatory Notice 22-08
I oppose adding restrictions to trading financial products deemed "complex" because people are ultimately responsible for managing their own money. Regulating these products would make it harder for people to maximize their returns, hedge, and speculate. Speculation is much maligned, but ultimately, it keeps markets efficient and people should have ready access to high-risk/high-reward trades if they desire. The job of the government in investment markets is to require transparency and stop fraud, not nanny adults on managing their own money.