Sep. 15, 2020
I think the approval of BSTX is in the interest of the general public. The idea and concept provide an opportunity using a emerging technology. This will create efficiencies that had not existed in the market place with opportunities not available to the general public. I have read the response from Ellen Greene Managing Director and Thomas Prince Managing Director representing SIFMA. Its clear by the arguments made that the interest is to protect the existing structure with no regard for benefits to the average person. Many of the points and complaints put out rested on the fact that the efficiencies would cost money for the members of her association to improve their technology. The other concern is these new market opportunities may hurt her association members regarding market share. I would also point out to the SEC that many of the members in this SIFMA association are working on projects that are similar at the moment. One only needs to Google some of the association members and block chain to see the projects they are working on currently. The reasons set forth by Ellen Greene and Thomas Prince alone are not a valid reason for the SEC not to approve. I remind the SEC of your mission which is promote ideas and markets that would create market efficiencies and opportunities to an individual like me. The mission of the SEC is to protect investors maintain fair, orderly, and efficient markets and facilitate capital formation. The SEC strives to promote a market environment that is worthy of the public's trust. Thank you for hearing my points.