Jul. 14, 2020
Good morning, As an individual investor I am wholly against S7-08-20, the proposed change to Form 13F. When has less transparency ever been a good idea? This change would dramatically reduce the number of filers. Form 13F was created for transparency on Wall Street. So far it has helped provide a more level playing field. Raising the threshold, and therefore reducing the number of filers, goes against that notion. Form 13F also does not need to be reviewed every 5 years to adjust the threshold. This would be a waste of time for the SEC. This rule provides transparency, and because the threshold has not been adjusted it continues to provide more transparency with each passing year. Please do not review this based on the dollar amounts still being filed, but instead view it as total number of filers. Decreasing the total number or filers by 90% is laughable. Please do not even consider this change. This change would also limit research moving forward because of the reduction in data made available to the public. This would be taking away knowledge from all current, and future investors. Nothing about the proposed change sounds like it will help level the playing field. I urge you to reject this entirely. Thank you, Luke Swanson