Look how the regulators are acting over gamestop stock when the little guy does the same thing as the big boys, who you think their trying to protect the little guy or the big boys?
Regulators didn’t stop the housing crisis, even when alarms were ringing for years preceding. Who suffered the most? It wasn’t the banks, they got bailed out.
Regulators didn’t stop Bernie Madoff either, even when alarms were ringing for years preceding.
Regulation is about compliance, not protection. Anyone can argue its purpose, but at the end of the day, we can all see what it is really about. Maybe it started out as a righteous thing, but it has evolved into something else. This is why we see brokers being targeted, not for illegal activity, but for simply accepting US clients without first, paying for the privilege to do so and agreeing to terms that are both costly and inconvenient to maintain.
Most of us never asked to be ‘protected’ from ourselves; we just want the freedom to do as we wish with our own money. Risk comes with any investment, and it should be left to our own discretion whether or not we are willing to take on those risks. As such, anyone who chooses to do so should have to live with the consequences of possible loss or failure. Anyone that disagrees can continue to trade with US brokers, and cling to this idea that their money is in safer hands.