April 7, 2010
I don't see why a so called "Institutional" buyer gets exempted from notice requirements just because he is "Big" or "Institutional" purchaser, who can get hood-winked like ordinary investors, especially when most of the institutional investor purchasers are really doing the purchasing in a fiduciary or agent capacity using other people's money, such individual person's retirement funds, etc. We as individual non-accredited investors as an investor in some institutional mutual or other fund, want that fund manager to get the same notices, disclosures and financial information as if we individually were trying to make a decision about the investment ourselves. Too many institutional managers think they know it all or know it better then us individuals, when they really don't. I want my fiduciary to get ALL DISCLOSURES that I would receive if I was a non-accredited individual investor. Why should they be exempt? So they can make an uninformed (with No disclosures) and make stupid decision using MY MONEY I don't think so.
Please let me know that you have received my comment and will forward it to whoever needs to have it, including Ms. Shapiro.
Thanks, Dr. J. M. Szabuniewicz