My concern is that sweeping regulation will have an adverse effect on the average person. I'm not a millionaire or anywhere close to the top 1%, I have a good job and have some surplus income. Many other people in the middle class are in a similar situation. Speculation in the market is a way for people in the middle class to grow their wealth, assuming they have some financial/market knowledge. Public companies also benefit from this by intaking capital and using it to further grow their business (more jobs and investment on the company's end). I agree that speculative investment is not as big of a factor in economic growth when compared to innovative investment, but it certainly has an important part to play. Where I really become concerned is how the market forces in play end up directing the consumer. Innovative investment is more difficult now than it was in the past due to immense regulation, it is harder to start a business now than it was in let's say the 80's. Because of these regulations more capital is required to start a business in order to overcome regulatory hurdles, I believe that this in a way directs a person in the direction of speculative investment instead of innovative investment, because the cost and risk placed on the individual is less if they choose the speculative investment route over the innovative investment route. If we further regulate speculative investment (as we have done innovative investment) where will people turn in order to grow their money?