These public-private distinctions are onerous -are offensive--to some people because it seems like the government is acting like a parent.

公共和私募公司之间的划分有些繁琐,对有些人来说有些冒犯的意味,监管机构像是在扮演父母的角色

耶鲁公开课 - 金融市场课程节选