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Michael A Lewandowski Comment On Regulatory Notice 21-19

Michael A Lewandowski

These enhancements/improvements are absolutely necessary. What's currently being allowed is borderline criminal, and without proper accountability, shareholders are being placed at excessive risk. The current regulatory conditions and enforcement are clearly insufficient, leaving investors/shareholders at higher risk, thus requiring better information in order to make decisions about the level of risk in investments. Especially in regard to synthetics, which are questionable to begin with (it appears the SEC has forgotten the events leading up to the market crash in 2008). That said, either reinforce the information required to be made available to investors, or reinforce the regulations and enforcement, unless you are comfortable flirting with disaster.