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I couldn't agree more. The fact that non-accredited investors are permitted to open an options trading account and only receive a statement disclosing that opt

I couldn't agree more. The fact that non-accredited investors are permitted to open an options trading account and only receive a statement disclosing that options trading is risky is an indication that these rules represent more of an exercise in regulatory capture that protects incumbents than a real mechanism that protects investors. An inexperienced investor would be much more likely to lose money trading options than to fall prey to hedge fund scams.

anigbrowl 17y ago
True...but do we want to burden startups with the compliance requirements of public securities trading? While grellas and I disagree upthread about the intent and ramifications of this proposed change, we concur that the alternative (of an unspecific regulatory environment) is messy, unpredictable, and expensive. Libertarians often point out that disputes are inevitable are best resolved on their individual merits in a court rather than via pre-emptive regulation. This is a fine ideal, but my limited experience as a party to a few legal disputes is that going to court erodes commercial productivity like nothing else.