It is an individual's right to freely access the entirety of the public securities markets without arbitrary restrictions. An individual should be able to choose her own investments that suit her based on her own preferences, and she should not be discriminated against based on her net worth or her lack of connections to other wealthy individuals. You do not have any legitimate moral or political authority to violate an individual's right to invest her own money on her own terms. Investments should not be reserved only for the wealthy and privileged. The people who make up society are more capable of understanding their own individual desires and preferences than a small group of privileged elite sitting in DC. You may be afraid of non-wealthy individuals becoming wealthy as a result of these investments, and that is concerning. The public already knows you serve and protect the wealthy. This move is not a good look for you.
Kyle Millemon Comment On Regulatory Notice 22-08
It is an individual's right to freely access the entirety of the public securities markets without arbitrary restrictions. An individual should be able to choose her own investments that suit her based on her own preferences, and she should not be discriminated against based on her net worth or her lack of connections to other wealthy individuals. You do not have any legitimate moral or political authority to violate an individual's right to invest her own money on her own terms. Investments should not be reserved only for the wealthy and privileged. The people who make up society are more capable of understanding their own individual desires and preferences than a small group of privileged elite sitting in DC. You may be afraid of non-wealthy individuals becoming wealthy as a result of these investments, and that is concerning. The public already knows you serve and protect the wealthy. This move is not a good look for you.