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I think the large majority of the cliente is fully aware that they will lose out on this long term. So it's not about protecting the client. If it would be ab
by dathinab 6y ago
I think the large majority of the cliente is fully aware that they will lose out on this long term.
So it's not about protecting the client.
If it would be about protecting your clients it would be like your care (=a utility) not allowing you to drive into the mountains for a hike (=user action) because the weather is bad (=makes action risky).
I think no one would say that this is ok or acceptable, but if the utility is a broker and the action is buying stock on a high risk it is ok?
- fairity 6y agoI agree there are some retail traders who are going in with eyes wide open. However, due to the power of greed, a significant portion is not. And, the end result will be people losing their retirement income. So, the difference between your analogy is in the severity of the risk. Your car shouldn't let you drive into the mountains for a hike if it knows there's a 20% chance you're going to lose a limb that prevents you from living a happy life.