February 7, 2013
I support any change to the current system that enhances the possibility that an aggrieved investor will have the opportunity to have his case decided by fair and impartial decision makers. This revision is a step in that direction, so I support it however, it is also a half step back based on the short look back/cooling off period, and the limited exclusion from the public pool to hedge fund and mutual fund associates.
If you really want to make a change that will give the perception of more than just lip service to the notion of fairness, then completely eliminate from the definition of public anyone that has ever been securities licensed, or anyone who depended on the securities industry for more than a diminimus amount of their livelihood for any appreciable length of time.
in the meantime, this change is better than no change.