Jan. 15, 2024
To All Involved at the SEC: I am urging you NOT to allow the NYSE to list "Natural Asset Companies" or NACs, pursuant to File No. SR-NYSE-2023-09. This is noting more than a political tool meant to subvert the legal process, as noted by the words of IEG’s Chairman, who said, “We were looking for a private-sector approach that wasn’t dependent on policy, it wasn’t dependent on traditional taxes, regulation or philanthropy to price in these assets and give investors the opportunity to invest directly in nature, whether that’s for climate or biodiversity.” The potential bad outcomes include subjugation of the fiduciary duty to what is in the best interest of investors. Critical natural resources will be subject to the consolidation of handful of wealthy and powerful individuals. Control of productive resources, as well as our food supply, water, energy, tourism, and more could end up in the hands of foreign nations and their sovereign wealth funds or other bad actors. I urge you to the right thing and make sure the markets are free and fair for everyone. Do not acti in a politically mot and elite-driven manner. Do not allow NSCs to access our capital markets via NYSR listings or otherwise. Respectfully Diane Mantos