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Regulators are clownshoes. In what functioning regulated market is it OK for retail to lose hundreds of millions of dollars to operational error multiple times per year?!
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"People knew about the risk." See that's the thing about regulated markets: you're allowed to sell *products* which are risky but the *system* risk should be close to zero. Do you know when the last time a bank or brokerage has lost $50 million in customer money was?
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