Jan. 15, 2024
Dear SEC, I am writing to express my strong opposition to the proposed rule allowing Natural Asset Companies (NACs) to be listed on the New York Stock Exchange (NYSE) as outlined in File No. SR-NYSE-23-09. As a capitalist, I believe that these companies are not aligned with the principles of fairness and transparency that underpin our markets. The SEC must take action to prevent this from happening. NACs are a new type of company that requires additional scrutiny due to their unique accounting system and goals, as stated by IEG's Chairman who said they have created a new "Statements of Ecological Performance" which is not based on GAAP accounting standards. They seek to use investors' money for political objectives rather than profitability or productivity, and could potentially control critical resources such as energy, water, food, and tourism. This goes against the fundamental purpose of going public, which is to provide funding for growth and opportunities for investors. The SEC must protect investors from being used by institutions like pension funds to decommission resources for political means. The SEC's focus should be on protecting investors and not allowing NACs to access our capital markets, as they are a threat to the interests of all Americans and could lead to the consolidation of power in the hands of wealthy individuals or foreign nations. The SEC must prioritize fairness and transparency over political agendas. Source information: investinginregenerativeagriculture.com/2022/11/29/dou… eenews.net/articles/inves… Sincerely, Kari Demeo