Where the label is not present, investors are blindly gambling in a market rigged for the benefit of the bankers. Regardless of how sophisticated the investor might be or how much money they oversee, where the label is not present investors are prevented from accessing the information needed to independently assess the risk and value of an investment.  Hence, the purchase or sale of these securities is simply blindly gambling on the contents of a brown paper bag.  This is true whether the securities are publicly traded or privately placed.  Where the label is not present for global financial benchmarks and commodity prices, the market is likely to be rigged against the investor in the bankers’ favor.