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I worry that eventually the major investment firms and banks will demand that in order to buy or sell securities you must have a license, and only a licensed se
by underseacables 6y ago
I worry that eventually the major investment firms and banks will demand that in order to buy or sell securities you must have a license, and only a licensed securities trader is able to do that. It would be horrible for the day traders and companies like E*Trade but it’s possible.
- vinceguidry 6y agoIt's already like that. You don't buy stock on RobinHood, RobinHood buys and holds the stocks for you.
- boh 6y agoYou already have to be an accredited investor to buy 90% of the tradable assets available.
- SpicyLemonZest 6y agoThat's pretty hard to imagine. The whole point of a publicly traded company is that the public can trade it; investment firms can (and many do) stick to private markets if they don't want to deal with that.
- intotheabyss 6y agoThen more people will just use decentralized finance.
- njharman 6y agoI doubt it. "retail" investors have too much money the bigger investors want to extract from them.