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No, the SEC generally tries to limit the blast radius of things. Most people are not day-trading penny stocks. And other tools like accredited investor status a

No, the SEC generally tries to limit the blast radius of things. Most people are not day-trading penny stocks. And other tools like accredited investor status are also used to (bluntly) limit the blast radius of risky actions. Poorly regulated derivatives were what caused the last financial crisis.

antb123 5y ago
And options that have a 15% spread and rip the face off retail investors are ok? Total nontransparent markets such as the pink sheets? Fingerprinting VWAP trades by institutions and then front running them? SEC likes to protect the status quo
- perl4ever 5y ago
  >And options that have a 15% spread and rip the face off retail investors are ok? You say that like there was somebody malign doing that. >Total nontransparent markets such as the pink sheets? Or that. Absence of people to trade with is not something that someone is doing to you. If you choose not to go the grocery store, but instead see if anyone is selling anything on a random street corner, whose fault is that? Hey, sometimes there's someone with steaks they have to get rid of fast because the A/C on their truck broke.
ahallock 5y ago
Then why is crypto open to so many other first world countries?
- pjc50 5y ago
  They've not got round to action yet? UK is taking a bit of action: https://edition.cnn.com/2021/12/22/football/arsenal-socios-asa-crypto-ruling-intl-spt/index.html https://edition.cnn.com/2021/12/22/football/arsenal-socios-a... https://www.fca.org.uk/publications/policy-statements/ps20-10-prohibiting-sale-retail-clients-investment-products-reference-cryptoassets https://www.fca.org.uk/publications/policy-statements/ps20-1... / https://www.fca.org.uk/publication/policy/ps20-10.pdf https://www.fca.org.uk/publication/policy/ps20-10.pdf "We are prohibiting the marketing, distribution and sale in or from the UK to all retail clients, of derivatives and ETNs that reference certain types of unregulated, transferable cryptoassets"
- bobthepanda 5y ago
  Regulatory authorities are free to make independent judgements of their own. The US bans haggis, and the EU bans Mountain Dew, and few people bat an eye.

antb123 5y ago

And options that have a 15% spread and rip the face off retail investors are ok? Total nontransparent markets such as the pink sheets? Fingerprinting VWAP trades by institutions and then front running them? SEC likes to protect the status quo

perl4ever 5y ago
>And options that have a 15% spread and rip the face off retail investors are ok? You say that like there was somebody malign doing that. >Total nontransparent markets such as the pink sheets? Or that. Absence of people to trade with is not something that someone is doing to you. If you choose not to go the grocery store, but instead see if anyone is selling anything on a random street corner, whose fault is that? Hey, sometimes there's someone with steaks they have to get rid of fast because the A/C on their truck broke.

ahallock 5y ago

Then why is crypto open to so many other first world countries?

pjc50 5y ago
They've not got round to action yet? UK is taking a bit of action: https://edition.cnn.com/2021/12/22/football/arsenal-socios-asa-crypto-ruling-intl-spt/index.html https://edition.cnn.com/2021/12/22/football/arsenal-socios-a... https://www.fca.org.uk/publications/policy-statements/ps20-10-prohibiting-sale-retail-clients-investment-products-reference-cryptoassets https://www.fca.org.uk/publications/policy-statements/ps20-1... / https://www.fca.org.uk/publication/policy/ps20-10.pdf https://www.fca.org.uk/publication/policy/ps20-10.pdf "We are prohibiting the marketing, distribution and sale in or from the UK to all retail clients, of derivatives and ETNs that reference certain types of unregulated, transferable cryptoassets"
bobthepanda 5y ago
Regulatory authorities are free to make independent judgements of their own. The US bans haggis, and the EU bans Mountain Dew, and few people bat an eye.