5 ms·
So where do you draw the line? Is there no sense of personal accountability? If someone screams doctor in a restaurant, I don't hold myself out as one. It's har
by vageli 5y ago
So where do you draw the line? Is there no sense of personal accountability? If someone screams doctor in a restaurant, I don't hold myself out as one. It's hard to feel sorry for people signing their names to attestations they know to be false.
Not to mention that in the current climate, limiting access to these markets would be interpreted as some conspiracy by the elite hedge funds or something. Look at how many call to remove qualifications to be come qualified investors.
- folli 5y agoThe problem is that you're only seeing half of the picture. On the one hand you ask for personal accountability (where I totally agree with you), but you don't expect any accountability from the company that makes the profit (in this case Robin Hood). Robin Hood grants access to option trading to just about anyone and if the client fails and rides himself into deep sh*t, they just throw up their hands and claim "personal accountability", in the end meaning that the social system in some way has to bail out the person so that Robin Hood doesn't suffer any significant losses. That doesn't seem fair.
- frockington1 5y agoToo be fair the person has to check a box saying they are knowledgeable about investment product. If they lie and then screw themselves over who cares, let them learn a lesson