October 14, 2020
I would like to register my opposition to your proposed regulation (SEC Proposed Rule #S7-24-15). I believe these proposed regulations would cause an undue hardship on investors (and brokerage firms) interested in these types of funds. The rule is unnecessary, it doesn't even address an existing problem. Therefore, there is no need for it.
I am most concerned that it would be setting a dangerous precedent in requiring an investor to "qualify" in order to purchase a public security.
Why are you trying to take away the freedom of choice for investors and their advisors? This makes no sense and is anti-American. No good can come from it.
Please re-consider this action. Thank you.