March 15, 2020
What this country needs is less regulation and not more. Last time I checked, I thought it was a country where individual liberty is valued. This means letting people make their own decisions on what they invest in. This seems like one more instance of the rich and politically powerful trying to keep everyone else down, further perpetuating the widening gap between them and oppressed majority. No wonder this country is rotting from the inside. All you need to do is have very simple regulations to make sure the fund company is legit, the money in their custody is safe, and basic disclosure (in basic English, not a 50-page prospectus full of obscuring technical jargon and legalese) such as what the fund does, how it works, appropriate usage, and potential risks.