There’s a frustration in the industry, that our regulators appear to be behind other regulators. Now, having said that, they’re concerned about investor safety. So we’re very pro-regulation. We also think they’re going to come out on the right side of it, which is why we’re encouraging our clients to come in now, before the additional waves of investor demand and interest that come post-regulation.
This is a risky strategy—let’s just be very candid with you, this is a risky strategy. But we are known for this, OK? I want to be a Swiss Army Knife in markets—I want to be adaptable. I want to look at where markets are – and not the way they once were, or the way I would like them to be—and I want to adapt our business. But we are aware of our risks in our approach.
This article was provided by Bloomberg News.