February 25, 2007
This proposed change is simply wrong. Limiting investor access based on net worth has no meaning. The amount of money that a person has is no reason to lock them out of a wide range of choices. This country was built on free enterprise. This proposed rule change is opposite of what should be done. Right now I qualify to invest in hedge funds. I have not chosen to do so, because I have an investment plan that is working for me now. Under the new rules I would have no choice. I don't need a government agency "protecting" me. What I need is for the government to keep out of it, and let me make my own decisions.