Subject: S7-08-20 (against a major change/reporting reduction).
From: Norm Ferguson
Affiliation:

Jul. 14, 2020

 


I am against drastically reducing transparency. If there's a cost issue, perhaps something can be done to increase efficiency, or maybe a compromise from 100MM to 500MM. A 90% reduction is not wise. 

This proposal would change the AUM threshold that investment managers must meet every quarter from $100 million to $3.5 billion! To put it in perspective, for the most recent quarter, that would reduce the number of funds that disclosed their holdings to the public from 5,283 to 549 or almost 90% of all filers. 



Sincerely,

Norm Ferguson
Individual Investor