Yes, that's exactly in line with how I'd like the SEC to go further than these initial promising steps. More competence-evaluation – ideally constantly recalib

Yes, that's exactly in line with how I'd like the SEC to go further than these initial promising steps. More competence-evaluation – ideally constantly recalibrated according to the performance & satisfaction of those approved. Do some certifications/skills-tests strongly predict later competent investing? Increase their weights. Do others seem to be easy backdoors that lead to lots of burned investors? Decrease their weights. Manage for the goal - wealth expansion & a vibrant private investing ecosystem – without the archaic oversimplifications "rich are competent to do whatever they want, and young/poor are incompetent so must be kept on a short regulatory leash".