April 21, 2022
Third comment regarding this issue as it seems the more comments, the more time bankers, malicious market makers can buy time, short yen, bonds they sell and nickel, silver, oil. Well we see exactly how that went and is going. Problem is that proposals are only as good as the governments job to accurately, fairly,and without prejudice, take into account all comments and distinguish a fair and effective, market. Understanding that one may want millions of comments as persons all have rights to comment. Under review for comment, submissions to the Federal Registry only leaves a very inefficient, ineffective way of proposal. As the SEC has a full agenda and doing the best they can to create a fair, free and legal market for the United States of America. It is my understanding that 2 proposals have been finalized out of dozens. Apparently, key holders have many concerns about giving the public ample amount of time to ensure everyone has a voice. Understanding that this proposal and many more are seem to keep getting delayed, pushed out for more comments and benefits single serving providers. Entitlement is one thing, governance is another. Maybe the SEC needs to hire more staff, get additional resources to make sure it does not take 7 years to decide on building a highway, when it could have been built while the lack of resources, litigations by certain parties and requests for more comments are exactly why we have 2 proposals finalized. As an investor in banks, cars, ETF's SPAC's, and Emerging Markets, the ball needs to get rolling or investors must ask for a better way to fix the years of proposals that will just be a proposal. Leaders make changes on behalf of the people and we must ensure they have the tools to be effective to complete these tasks.
Thanks,
RJ