Aug. 12, 2022
August 12, 2022
Self Regulation is unfortunately not plausible in financial markets. There are simply too many conflicts of interests. As we have seen since the 2008 financial crisis not much has changed. Instead, what we have seen is regulatory capture. We, as retail investors, have seen countless examples of mismanagement, fraud and capitulation on an international scale. A gross negligence with only fines that are a fraction of the crimes committed. Bring this consortium of financial institutions under the lens so all people can see accountability in practice, not in word. Therefore I am in favor of S7-05-15. Thank you for your time.