Jan. 12, 2024
I am writing to encourage the SEC to NOT allow the NYSE to list “Natural Asset Companies” or NACs, pursuant to File No. SR-NYSE-2023-09. It is very obvious that this process is an unconstitutional attempt to subvert freedom and utilization in a fair way of our natural resources and create a totally new system. Natural Asset Companies have no place in our current free enterprise system. NACs seek to use others’ money, including that obtained via the capital markets, to buy the ability to control or “manage” productive public and private land and other natural resources. Their stated purpose in doing so is not to make a profit or to be productive, but rather to protect, conserve, restore and preserve these natural “assets”, based on whatever their own definitions of those activities are. NACs are a bastardization of the usual public company that eventually could impact our ability to generate and access energy, critical minerals, water and food. It could also put those decisions in the hands of institutions, such as foreign governments and their sovereign wealth funds, who could invest in these NACs and have de facto control over America’s resources. All of this makes it imperative that this process not be instituted in any form. Do not allow the NYSE to list “Natural Asset Companies” or NACs, pursuant to File No. SR-NYSE-2023-09. Sincerely Charles R. Frakes MD [REDACTED] If you don't know where you are going, you will probably wind up somewhere else. Yogi Bera Sent with Proton Mail secure email.