Jul. 14, 2020
I just heard about the proposed change to Rule S7-08-02 that would increase the reporting threshold for Form 13F reports by institutional investment managers from $100 million to $3.5 billion. As an individual investor who manages my own investments, I cannot stress enough how against this rule I am. When evaluating investments options, I very often review Form 13F reports from successful money managers who would now fall underneath this threshold - and thus I would not be able to review their filings to see if they are buying or selling the stock that I am analyzing. While I always analyze company financial statements, related SEC filings and other research (company presentations, Wall Street research reports, etc.), the Form 13F filings are an invaluable resource that are incredibly useful in my buy/sell/hold decisions. I urge the SEC to support the individual investor and DO NOT APPROVE the rule change. Please do the right thing and DO NOT INCREASE the threshold. Respectfully, Steve Wonsiewicz