Jan. 12, 2024
Asking the SEC to NOT ALLOW Natural Asset Companies I am NOT for this measure and request that the SEC stop the NEW YORK STOCK EXCHANGE to list Natural Asset Companies as par of FILE NO. SR-NYSE-2023-09. The following is a letter that Carol Roth penned and which I support. It most accurately frames my opinion. This particular portion of her letter is particularly of interest and should be closely considered. "NACs are not only a “new type of company”, something that is highly irregular and should require much scrutiny, but also have employed their own type of accounting system. This comes directly from the creator of the “NACs”, IEG’s Chairman & CEO, who has said, “We created a new accounting system, which we called Statements of Ecological Performance, which account for the flow of ecosystem services in financial terms.” (Source: https://investinginregenerativeagriculture.com/2022/11/29/douglas-eger/…). Even if they use GAAP accounting within NAC financial reporting, their hubris that there is some separate accounting measures to be used within the financial markets raises too many red flags to count and should be immediately disqualifying." Thank you and hope you do the right thing and reject this dangerous proposal. Maureen Bonifas