June 5, 2011
It feels like the average net worth of most US citizen has decreased when adjusted for inflation over the last few years. With food and energy prices going up and salaries stagnant it seems like a very bad time to raise this from $1.5M to $2.0M.
The general consensus is the US is still in recovery from the "great recession" and most people are no better off then they were 10 years ago.
Why then are you raising this limit to $1.5M to $2.0M?
Now is not the time to raise anything and make it harder for individual investors to find good investment options.
Raising this limit from $1.5M to $2.0M only mean that more individual investors are stuck keeping their money with some "big wall street" firms mutual fund or some "big banks" saving account instead of investing some of their money with hedge funds if they so chose.
Doesn't the SEC want to give individual investors more options to invest their money and help the economy and not less options?
Please help the individual investors by not raising the limit from $1.5M to $2.0M. Please do not make this rule change.
Thank you for considering my input.