Sep. 20, 2018
I am completely opposed to any ETFs based on bitcoin or any other “crypto currency” or “initial coin offerings.” These underlyings (i.e. bitcoin, “crypto currency”, “initial coin offerings”, etc.) are frauds on the investing public, pure and simple. Any ETFs based on these fraudulent underlyings are therefore fraudulent themselves. Do not be fooled by uber-wealthy venture capital general partners trying to make it easier to unload their mistakes on gullible speculators/investors in the US and around the globe. The SEC should not approve these products. Thank you. Best Regards, Erik Erik Ridgley, CFA CEO & Chief Investment Officer Salem Partners Wealth Management 11111 Santa Monica Blvd., Suite 2250 West Los Angeles, CA 90025 [redacted] www.SalemPartners.com V-card: Fiduciary and fee-only registered investment adviser (RIA) providing a multi-family investments office for a select group of entrepreneurial clients. Assets under management are custodied in third-party segregated accounts at Schwab Institutional, which holds $1.3 Trillion. Salem Partners was founded 21 years ago. This e-mail message may contain legally privileged and/or confidential information. If you are not the intended recipient(s), or the employee or agent responsible for delivery of this message to the intended recipient (s), you are hereby notified that any dissemination, distribution or copying of this e-mail message is strictly prohibited. If you have received this message in error, please immediately notify the sender and delete this e-mail message from your computer. This e-mail does not constitute an offer to sell or a solicitation to buy any securities or an offer of any investment advisory services. Past performance is not indicative of future results.