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To Sam: "You're taking a diplomatic approach as an industry leader with the regulators. Kudos. However, they won't come off their power and control easily. What will retail have to give up while institutional investors gain ground in this ecosystem as you see it developing?"
1
really good question!
I'm *hoping* that retail will *gain* ground:
a) replace wealth tests with knowledge tests
b) open up equitable access to markets to retail
*but* there's a risk that things move in the opposite direciton. I'll do what I can to prevent that..
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