The proposals exceed the authority of SEC as watchdog and while perhaps intending to protect the rights of investors against risks of loss, or their own capacity or qualifications to invest actually result in immunizing the sellers from liability. The proper way to go would be notice and warnings as assumptions of risks.
James Muskal Comment On Regulatory Notice 22-08
The proposals exceed the authority of SEC as watchdog and while perhaps intending to protect the rights of investors against risks of loss, or their own capacity or qualifications to invest actually result in immunizing the sellers from liability. The proper way to go would be notice and warnings as assumptions of risks.