I, as an investor should be able to decide where i invest my money so long as the investment is legal, without a regulatory authority deciding if Im competent enough, intelligent enough, and wealthy enough to invest in a certain investment. How hypocritical is it that i can take my entire savings to Vegas and put it on red or black at a roulette table without any oversight from a regulatory authority, but i wouldn't be able buy an ETF that is based on Bitcoin Futures? It really does smell rightlike protecting investors is not the primary concern in passing this proposed regulation.
Warren Wright Comment On Regulatory Notice 22-08
I, as an investor should be able to decide where i invest my money so long as the investment is legal, without a regulatory authority deciding if Im competent enough, intelligent enough, and wealthy enough to invest in a certain investment. How hypocritical is it that i can take my entire savings to Vegas and put it on red or black at a roulette table without any oversight from a regulatory authority, but i wouldn't be able buy an ETF that is based on Bitcoin Futures? It really does smell rightlike protecting investors is not the primary concern in passing this proposed regulation.