The very fabric of America's growth and wealth (much of the wealth is given to almost the whole world) has been based on the ability of the average American Citizen to exercise his/her right to decide what is proper and acceptable for them to do, barring illegal acts under our Constitution and State Laws. The idea that we need someone (a regulator) to oversee our investment choices (that are currently approved and offered to the general public as well as to the insiders) seems to be an assault on the average citizens ability to share in the possible gains or losses in our own portfolios. It reeks of the "Big Brother" system we see in countries around the world. Not a free and representative Republic that America is famous for and is an idea that should never be allowed to favor only the very few, especially when we are talking about investing in public investments. I oppose it, and quite honestly I am surprised that it is even being suggested.
Richard Nord Comment On Regulatory Notice 22-08
The very fabric of America's growth and wealth (much of the wealth is given to almost the whole world) has been based on the ability of the average American Citizen to exercise his/her right to decide what is proper and acceptable for them to do, barring illegal acts under our Constitution and State Laws. The idea that we need someone (a regulator) to oversee our investment choices (that are currently approved and offered to the general public as well as to the insiders) seems to be an assault on the average citizens ability to share in the possible gains or losses in our own portfolios. It reeks of the "Big Brother" system we see in countries around the world. Not a free and representative Republic that America is famous for and is an idea that should never be allowed to favor only the very few, especially when we are talking about investing in public investments. I oppose it, and quite honestly I am surprised that it is even being suggested.