Oct. 10, 2022
October 10, 2022
I would like to echo the paper submitted in comment regarding this propose authored by Stephen Hall, the Legal Director and Securities Specialist at Better Markets, Inc.
As a retail investor, I do not have the time, resources, or knowledge to make such a well researched and written white paper as does Mr. Hall. For this reason, I will say that I agree with his paper. In particular that this rule should be passed as soon as possible and with no alteration and without dilution.
For too long the rich and powerful have had a monopoly on income generation at the expense of working folk. For years we have been urged to learn to invest and put money into the market, only to be cheated by the big players. The SEC must protect the folk of this country, not the rich aristocratic class.
Pass this rule as is, do not dilute it. Do not allow loopholes in it that the same big players can exploit. I guarantee that once you do, you will sleep much better at night.