This is very interesting.
I’ve read this reasoning in other quotes and other articles.
The gist is that the government is worried, because a large percentage of people lose a lot of money.
I can understand this concern from an empire building angle. You definitely don’t want large capital outflows. “and ensuring CFDs are only marketed and sold to consumers who understand the risks from trading these types of products”, can we take a written test? Or, should this be read ‘only marketed and sold to customers that are already filthy rich’?
The problem with outright banning anything simply because it is statistically dangerous is that you end up with a totalitarian state. Ban alcohol, sports cars, 4 wheelers, jetskis, sex, and just lock citizrns up in 4x4 cell with only bland food. They are so much safer that way.
But, that’s not the government’s call to make in a free society.
Solve the problem another way besides taking away people’s freedom to use their own free will.