March 15, 2004
I, as an individual investor, feel that the SEC does very little, first, to level the playing field for all investors and , second, to enforce the current rules that are in place with appropriate criminal punishment when broken.
The individual investor seems to be caught in a game of investing that takes into account being lied to and stolen from with very little recourse.
-Invest in securities at your own risk- has become the battle cry disclaimer that securities firms rationalize their fraudulent and/or unethical activity behind.
It is time to prove, yes, prove, to the individual investor that the SEC is willing to do what it was originally funded to do. Initiating File No. S7-06-04 is a step in the right direction, and I support its passage.