Submitted on Saturday 9th December 2023
Rejected on Friday 5th April 2024
Current status: Rejected
Rejection code: no-action (see below for details)
Review the law on trading of perpetual derivatives contracts.
The notion of an "investment professional" has become outdated since the Financial Services and Markets Act 2000 was enacted. Whilst this was put in place to "protect consumers", and this is a legitimate concern, someone that does understand the risks should not be restricted.
I and many others like me are fully aware that there is a high risk of losing money while trading the markets (crypto, forex, commodity and other derivatives) and it is very clear that one could lose everything and more while trading. However, access should not be just for so called "investment professionals" and I agree that the providers of such services should be regulated, however I think that the law needs to be brought up to date to allow informed members of the public to trade.
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The Government e-Petitions Team gave the following reason:
Petitions need to call on the Government or Parliament to take a specific action.
We're not sure exactly what you'd like the Government or Parliament to do, or review.
You could start a new petition explaining clearly what you would like the Government or Parliament to do.
3.144.122.20 Thu, 21 Nov 2024 13:34:17 +0000
