This is an unacceptable overreach. The job if the SEC is to make sure investment products are honest, legitimate investment opportunities. It is not the job of the SEC to pick and choose the people who will have access. This is the USA. It's supposed to be synonymous with personal liberty. The whole certified investor system should be trashed. It's elitist is the worst possible way. Let's see...I can't invest in certain securities but I can take my life savings to the casino, horse track, or invest it all in lottery tickets. Laughable!
Rickie Carter Comment On Regulatory Notice 22-08
This is an unacceptable overreach. The job if the SEC is to make sure investment products are honest, legitimate investment opportunities. It is not the job of the SEC to pick and choose the people who will have access. This is the USA. It's supposed to be synonymous with personal liberty. The whole certified investor system should be trashed. It's elitist is the worst possible way. Let's see...I can't invest in certain securities but I can take my life savings to the casino, horse track, or invest it all in lottery tickets. Laughable!