Quote by John Redwood
There is not necessarily a good reason why a regulator should have to be involved in product design and marketing for rich and sophisticated investors. We recommend that such investors should be able to sign a piece of paper, which allows them to go ahead and buy unregulated products at their own risk.
Summary
This quote suggests that regulators should not have involvement in the design and marketing of financial products for wealthy and knowledgeable investors. The recommendation is for these investors to simply sign a document acknowledging the risks and allowing them to purchase unregulated products at their own discretion. The underlying belief is that these individuals possess the necessary expertise to make informed decisions and assume the responsibility for potential losses. Thus, the quote suggests a more hands-off approach from regulators and promotes individual choice and accountability in the investing process.
Topics
Design
By John Redwood
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