There is not necessarily a good reason why a regulator should have to be involved in product design and marketing for rich and sophisticated investors. We recommend that such investors should be able to sign a piece of paper which allows them to go ahead and buy unregulated products at their own risk.
It was by design that we mostly used pictures that you could not necessarily see what was going on and that didn't really focus in on the band but instead focused in on a theme.
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Last year Congress gave the Department of Defense the authority to design a new civilian personnel system for its employees as part of the defense authorization bill.