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>There is some valid reasoning for the law... because you don't want a farmer to purchase 100,000 bad seeds and have his whole yield fail on his farm. Will the
by whatshisface 3y ago
>There is some valid reasoning for the law... because you don't want a farmer to purchase 100,000 bad seeds and have his whole yield fail on his farm.
Will the right honorable gentleman next propose that we create a list of twelve permitted stocks, so that an investor will not purchase 100,000 risky shares only for the company to fail?
- pintxo 3y agoWell, the government ordered the SEC to have a look. It’s not like the stock market is free capitalism.
- dehrmann 3y agoThis is basically want public equity markets are. You have to be an "accredited investor" (the only requirement is having a lot of money) to invest in all the extra risky things.
- OJFord 3y agoThat's a US thing. In the UK there's a KYC type form you fill out, self-certifying that you know what you're doing. And then you can trade CFDs, which are illegal in the US accredited or not. (Or not approved by regulators I suppose I mean, I assume professional US desks trade them OTC 'in' Europe. But I think probably European brokers even can't market them to or allow trades by US retail customers?)