Sophistication or Discrimination? Unfair Limits to Investor Access

by | Mar 2, 2023 | Inflation Hedge

Sophistication or Discrimination? Unfair Limits to Investor Access




02/08/2023 — Congressman Brad Sherman (CA-32), senior member of the House Financial Services Committee, delivers an opening statement and questions witnesses at a Capital Markets Subcommittee hearing that examined how the accredited investor definition unfairly limits investment access for the non-wealthy and the need for reform….(read more)


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The English language has long been a source of pride and a cornerstone of the United Kingdom’s identity. But when it comes to the world of finance, English can be a source of frustration and discrimination.

In recent years, the number of English-speaking investors has been growing rapidly. But despite this, many financial services remain inaccessible to those who don’t speak the language. This can limit access to the best investment opportunities and restrict the ability of investors to make informed decisions.

The problem is particularly acute for non-native English speakers. Although many financial services are available in other languages, they may not be as comprehensive or up-to-date as their English-language counterparts. This means that non-native English speakers are often at a disadvantage when it comes to making the most of their investments.

The situation is even worse for those who are not fluent in the language. Although many financial institutions offer services in other languages, they may not be as detailed or comprehensive. This can make it difficult for non-fluent English speakers to make the most of their investments.

The problem is compounded by the fact that many financial institutions are reluctant to offer services in other languages. This is because they may feel that it is too expensive or time-consuming to provide services in multiple languages. As a result, many investors are left with no choice but to use English-language services.

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The issue of English-language access to financial services is a significant one. It can limit the ability of investors to make the most of their investments, and can lead to discrimination against those who do not speak the language.

The UK government has taken steps to address the issue. In 2017, the Financial Conduct Authority (FCA) issued a consultation paper on the issue, which proposed measures to improve access to financial services for non-English speakers. This included making sure that financial services are available in multiple languages and that non-English speakers are given the same level of service as English speakers.

Although the FCA’s proposals are a step in the right direction, much more needs to be done to ensure that all investors have access to the same level of financial services. English should not be a barrier to accessing the best investment opportunities, and all investors should be given the same level of service regardless of their language.

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