The proposed legislation limits the investing power of highly educated or well-read individuals who come from adverse backgrounds. Such regulations are effectively an increased barrier to entry for the many Americans like myself who attempt to build wealth with no assistance from an inheritance. Rather than pass legislation that effectively handcuffs those with little amassed wealth, the legislature should focus instead on increased access to information for individual investors.
Michael Melton Comment On Regulatory Notice 22-08
The proposed legislation limits the investing power of highly educated or well-read individuals who come from adverse backgrounds. Such regulations are effectively an increased barrier to entry for the many Americans like myself who attempt to build wealth with no assistance from an inheritance. Rather than pass legislation that effectively handcuffs those with little amassed wealth, the legislature should focus instead on increased access to information for individual investors.