There's a reason why retail investors have traditionally been locked out of things like options and investing in IPOs. More often than not it ends up with the l

There's a reason why retail investors have traditionally been locked out of things like options and investing in IPOs. More often than not it ends up with the less wealthy losing their life savings. "The wrong hands" is the average retail investor. The philosophical debate is whether those people should be allowed to waste their life savings because they should know better, or if the government should make efforts to ensure that they can't.