Dec. 24, 2023
I've just been reading about the above file and the desire of the SEC to allow a new category of product on the stock exchange - natural asset companies, whereby a company such as Intrinsic Exchange Group would regulate, buy, sell, and manage natural assets such as air and public and private land. The core issue is that natural asset companies would use their money to control or manage productive public and private land and other natural resources, with the stated purpose to protect, conserve, restore, and preserve natural assets, NOT to make a product, be productive, or a profit, which is what businesses are supposed to do. Such NACs are ideologically driven and thus a form of control that bypasses Congress and other regulatory agencies. Wealth and power, foreign and domestic, would then rule our country, not unlike the feudal system of Europe. American citizens would lose their representative form of government. I saw that IEG's chairman and CEO, Douglas Eger, said the group had invented a new type of accounting called "Statements of Ecological Performance," which account for the flow of ecosystem services in financial terms. Such an accounting system has not even been tested or evaluated, which should be reason enough for rejecting this application for NACs. The fact that the SEC has chosen to use a 20 day window of public comment -DURING THE HOLIDAY SEASON at the end of the year, does not demonstrate a sincere interest in raising public awareness. DO NOT ALLOW NATURAL ASSET COMPANIES ON THE STOCK EXCHANGE!