Why would it be a good idea to deny basic freedom, to the public securities market? These days MORE than ever, a fundamental tenant to achieving long-term financial security, should NOT be disavowed to ANYone!!! Broad, arbitrary, and vague definitions prove, execution of such an unworkable scheme, would at best, show egregious arbitrary results under ANY type, or form, of implementation. The long standing disclosure-based system works!! For competent regulators to think in such reckless, radical, and unprecedented ways, leads an investor to question; on what basis they are being derived.
Tom Bates Comment On Regulatory Notice 22-08
Why would it be a good idea to deny basic freedom, to the public securities market? These days MORE than ever, a fundamental tenant to achieving long-term financial security, should NOT be disavowed to ANYone!!! Broad, arbitrary, and vague definitions prove, execution of such an unworkable scheme, would at best, show egregious arbitrary results under ANY type, or form, of implementation. The long standing disclosure-based system works!! For competent regulators to think in such reckless, radical, and unprecedented ways, leads an investor to question; on what basis they are being derived.