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That makes sense, but presumably the financial industry pretty regularly needs to enforce specific terms in financial contracts. So here we're seeing -- from on
by schoen 6y ago
That makes sense, but presumably the financial industry pretty regularly needs to enforce specific terms in financial contracts. So here we're seeing -- from one day to another -- people complaining that Robinhood and other financial intermediaries won't let unsophisticated traders easily access particular kinds of financial trades and products, and also that complicated terms may apply to those same trades and products. Couldn't these two issues be related?
(I don't mean to accuse people of hypocrisy by mentioning this! I just mean that I genuinely think financial intermediaries are in a tough spot as they're pressured to allow everyone to trade things where quite a lot of customers don't quite know what they are or what they signify.)