Subject: File No. SR-NYSE-2023-09: Do NOT Allow NACs
From: Cathy Szwargulski
Affiliation:

Jan. 12, 2024

To all involved at the SEC: 


I am urging the SEC to NOT allow the NYSE to list “Natural Asset Companies” or NACs, pursuant to File No. SR-NYSE-2023-09. 



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.” 


Douglas Eger – ‘How to IPO natural asset companies and raise billions – Investing in regenerative agriculture.’ 




Douglas Eger – How to IPO natural asset companies and raise billions – Investing in regenerative agriculture 
investinginregenerativeagriculture.com 

– Investing in regenerative 
These NACs are a bastardization of the purpose of IPOs, when companies go public. Wall Street often cultivates a bad reputation and the SEC is supposed to be a counterbalance to make sure the markets are free and fair for everyone and have the interests of all investors at heart. The SEC has a responsibility to the taxpayers and should do the right thing, and not that which is politically-pushed and elite power-driven; do not allow NACs to access our capital markets via NYSE listings or otherwise. 


Sincerely, 
Mrs Catherine Szwargulski 
[REDACTED]