because it is probably the most qualitative assessment of knowlge by singapore telegram data the person himself. First of all, it is important for him. Many people who have become qualifi investors, for example, by the property criterion, do not check their knowlge for understanding the nature of risks and the consequences of their implementation.
Therefore, the risk is often realiz first
and then the person begins to think about what happen. I can give many examples — about trading with large leverage, about subordinat bonds that were reset to zero at a certain point. For many, this was a revelation, I think, an unpleasant one. The problem is that after the fact it is difficult to fully correctly assess whether people really did not know about the risk, or knew but did not understand, or knew and understood but did not prict its occurrence. There are a lot of questions that cannot be answer unambiguously, but almost all the complaints we receiv from qualifi investors were from holders of the status by the property criterion.
And they touch on the lack of understanding
of the risks of the instruments, because they did not evaluate them, and no one offer them to evaluate them. That is, by becoming a “qual”, you essentially voluntarily refuse any procures that involve checking your improve the experience knowlge and willingness to accept risk. If for “non-quals” the testing procure gives access to a more complex instrument through knowlge testing, then after receiving the “qual” status, all risks are entirely yours. Therefore, the new law has another important provision: now a person must receive america emaila risk notification before qualification, not after. It is assum that this can cool investors at the time of making an important decision to receive the “qual” status.