February 28, 2007
I am an individual investor who finds it vital to have access to alternative investment opportunities. Today I qualify as an "accredited investor" however based on the proposal to increase this limit, I will no longer be eligible for this designation.
I find it very disheartening that the Government would actually significantly limit individual rights and ones ability to have access to choice in private investments. I have successfully invested in a number of private offerings and partnerships through the years and find them invaluable as a way to manage risk within my portfolio.
Instead of looking to drastically limit the number of investors that will be "accredited" - which I understand could be 99%+ that would be ineligible - the Government should be searching for ways to make more investment alternatives available. The role of Government should be to ensure those operating in this investment arenas are adequately reviewed and regulated.
Instituting this draft will have a very negative effect on many investors in this country.