July 13, 2016
In relation to S7-06-16, I believe the Commission should require all publicly traded companies to abide by the same financial disclosure requirements. Too many companies are taking advantage of the loophole that allows them to "go dark" in their financial reporting to their shareholders, simply because they have less than 300 "shareholders." The Commission is well aware that the definition of the word "shareholder" in this regard is an antiquated notion when hardly any serious investor today physically holds stock certificates.
Every "street name" stock holder should be counted. These are the true owners of these companies, and the owners should not be left in the dark as to the performance of their enterprise.
Please act on behalf of these investors and close this loophole.